Copperwynd Financial LLC decreased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 3.3% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 3,118 shares of the exchange traded fund’s stock after selling 107 shares during the period. Copperwynd Financial LLC’s holdings in SPDR Gold Shares were worth $950,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. bought a new stake in SPDR Gold Shares during the first quarter valued at $30,000. Stone House Investment Management LLC bought a new stake in SPDR Gold Shares during the first quarter worth about $34,000. Columbia River Financial Group LLC bought a new stake in SPDR Gold Shares during the first quarter worth about $34,000. Legacy Wealth Managment LLC ID lifted its stake in SPDR Gold Shares by 51.1% during the first quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 46 shares during the last quarter. Finally, HWG Holdings LP bought a new stake in SPDR Gold Shares during the first quarter worth about $53,000. Institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Stock Up 1.6%
Shares of GLD stock opened at $372.30 on Thursday. The business has a 50-day moving average price of $328.35 and a two-hundred day moving average price of $311.32. SPDR Gold Shares has a 12-month low of $236.13 and a 12-month high of $373.57. The firm has a market cap of $132.46 billion, a P/E ratio of -32.43 and a beta of 0.15.
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).
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Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLD – Free Report).
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