Austin Wealth Management LLC Trims Stock Position in SPDR Gold Shares $GLD

Austin Wealth Management LLC trimmed its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 4.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,186 shares of the exchange traded fund’s stock after selling 357 shares during the quarter. Austin Wealth Management LLC’s holdings in SPDR Gold Shares were worth $2,177,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. purchased a new position in SPDR Gold Shares in the 1st quarter valued at $30,000. Stone House Investment Management LLC acquired a new stake in shares of SPDR Gold Shares in the 1st quarter worth $34,000. Legacy Wealth Managment LLC ID boosted its holdings in shares of SPDR Gold Shares by 51.1% in the first 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 in the last quarter. First Command Advisory Services Inc. acquired a new position in shares of SPDR Gold Shares during the second quarter worth about $43,000. Finally, Decker Retirement Planning Inc. raised its holdings in SPDR Gold Shares by 358.8% during the second quarter. Decker Retirement Planning Inc. now owns 156 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 122 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.4%

Shares of NYSEARCA:GLD opened at $379.87 on Wednesday. SPDR Gold Shares has a 52 week low of $236.13 and a 52 week high of $403.30. The company has a 50-day moving average price of $359.18 and a 200 day moving average price of $325.86. The company has a market cap of $137.47 billion, a P/E ratio of -32.43 and a beta of 0.09.

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).