Tradewinds LLC. Reduces Holdings in SPDR Gold Shares $GLD

Tradewinds LLC. lowered its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 81.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,005 shares of the exchange traded fund’s stock after selling 4,461 shares during the quarter. Tradewinds LLC.’s holdings in SPDR Gold Shares were worth $306,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. acquired a new position in SPDR Gold Shares during the 1st quarter valued at approximately $30,000. Columbia River Financial Group LLC acquired a new position in shares of SPDR Gold Shares in the 1st quarter valued at $34,000. Stone House Investment Management LLC acquired a new position in shares of SPDR Gold Shares in the 1st quarter valued at $34,000. Legacy Wealth Managment LLC ID increased its position in shares of SPDR Gold Shares by 51.1% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 46 shares during the period. Finally, First Command Advisory Services Inc. acquired a new position in shares of SPDR Gold Shares in the 2nd quarter valued at $43,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $370.13 on Friday. The stock’s 50-day simple moving average is $350.46 and its 200-day simple moving average is $322.02. The firm has a market capitalization of $134.32 billion, a PE ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a fifty-two week low of $236.13 and a fifty-two week high of $403.30.

About SPDR Gold Shares

SPDR Gold Trust (the Trust) is an investment trust. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust’s expenses. The Trust’s business activity is the investment of gold. The Trust creates and redeems Shares from time to time, but in one or more Baskets (a Basket equals a block of 100,000 Shares).