Delta Investment Management LLC Has $1.58 Million Holdings in SPDR Gold Shares $GLD

Delta Investment Management LLC cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 6.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,171 shares of the exchange traded fund’s stock after selling 381 shares during the quarter. Delta Investment Management LLC’s holdings in SPDR Gold Shares were worth $1,576,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of GLD. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of SPDR Gold Shares during the 1st quarter valued at about $30,000. Columbia River Financial Group LLC acquired a new stake in shares of SPDR Gold Shares during the 1st quarter valued at about $34,000. Stone House Investment Management LLC acquired a new stake in shares of SPDR Gold Shares during the 1st quarter valued at about $34,000. Legacy Wealth Managment LLC ID lifted its holdings in shares of SPDR Gold Shares by 51.1% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 46 shares during the last quarter. Finally, Abound Financial LLC acquired a new stake in shares of SPDR Gold Shares during the 1st quarter valued at about $56,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock opened at $377.52 on Monday. The firm has a market cap of $138.78 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 52-week low of $236.13 and a 52-week high of $403.30. The stock has a 50-day simple moving average of $345.72 and a 200-day simple moving average of $320.15.

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).