Spire Wealth Management Sells 3,319 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Spire Wealth Management lowered its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 26.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,420 shares of the exchange traded fund’s stock after selling 3,319 shares during the period. Spire Wealth Management’s holdings in SPDR Gold Shares were worth $2,025,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of GLD. Ballast Inc. lifted its holdings in shares of SPDR Gold Shares by 3.6% during the 2nd quarter. Ballast Inc. now owns 1,295 shares of the exchange traded fund’s stock worth $278,000 after acquiring an additional 45 shares during the period. Burkett Financial Services LLC lifted its holdings in shares of SPDR Gold Shares by 9.9% during the 2nd quarter. Burkett Financial Services LLC now owns 512 shares of the exchange traded fund’s stock worth $110,000 after acquiring an additional 46 shares during the period. Apollon Financial LLC lifted its holdings in shares of SPDR Gold Shares by 1.7% during the 2nd quarter. Apollon Financial LLC now owns 2,809 shares of the exchange traded fund’s stock worth $604,000 after acquiring an additional 47 shares during the period. KG&L Capital Management LLC increased its position in SPDR Gold Shares by 2.2% during the 1st quarter. KG&L Capital Management LLC now owns 2,205 shares of the exchange traded fund’s stock worth $454,000 after purchasing an additional 48 shares in the last quarter. Finally, Signaturefd LLC increased its position in SPDR Gold Shares by 0.4% during the 1st quarter. Signaturefd LLC now owns 12,803 shares of the exchange traded fund’s stock worth $2,634,000 after purchasing an additional 49 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD stock traded down $1.66 during trading on Friday, reaching $231.29. 5,742,963 shares of the company were exchanged, compared to its average volume of 7,122,871. The company has a 50-day moving average of $223.79 and a two-hundred day moving average of $214.01. SPDR Gold Shares has a twelve month low of $168.30 and a twelve month high of $234.01.

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).