SPDR Gold Shares $GLD Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lowered its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 13.3% in the second quarter, HoldingsChannel.com reports. The fund owned 989,876 shares of the exchange traded fund’s stock after selling 151,827 shares during the quarter. Commonwealth Equity Services LLC’s holdings in SPDR Gold Shares were worth $301,744,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GLD. American National Bank & Trust raised its holdings in shares of SPDR Gold Shares by 52.4% during the second quarter. American National Bank & Trust now owns 291 shares of the exchange traded fund’s stock worth $89,000 after purchasing an additional 100 shares during the period. StrongBox Wealth LLC raised its holdings in shares of SPDR Gold Shares by 10.1% during the second quarter. StrongBox Wealth LLC now owns 1,487 shares of the exchange traded fund’s stock worth $453,000 after purchasing an additional 136 shares during the period. Beaumont Financial Advisors LLC increased its holdings in shares of SPDR Gold Shares by 6.5% in the 2nd quarter. Beaumont Financial Advisors LLC now owns 3,509 shares of the exchange traded fund’s stock worth $1,070,000 after acquiring an additional 215 shares during the period. TD Private Client Wealth LLC lifted its position in SPDR Gold Shares by 14.6% in the 2nd quarter. TD Private Client Wealth LLC now owns 51,235 shares of the exchange traded fund’s stock valued at $15,618,000 after purchasing an additional 6,540 shares during the last quarter. Finally, ST Germain D J Co. Inc. lifted its position in SPDR Gold Shares by 151.5% in the 2nd quarter. ST Germain D J Co. Inc. now owns 1,386 shares of the exchange traded fund’s stock valued at $422,000 after purchasing an additional 835 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.2%

Shares of NYSEARCA:GLD opened at $366.51 on Thursday. The company has a market cap of $132.64 billion, a PE ratio of -32.43 and a beta of 0.09. The company’s 50-day moving average price is $354.87 and its 200 day moving average price is $323.93. SPDR Gold Shares has a fifty-two week low of $236.13 and a fifty-two week high of $403.30.

SPDR Gold Shares Company Profile

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).