Envestnet Asset Management Inc. Lowers Position in SPDR Gold Shares $GLD

Envestnet Asset Management Inc. lessened its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 2.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,187,272 shares of the exchange traded fund’s stock after selling 30,589 shares during the period. Envestnet Asset Management Inc.’s holdings in SPDR Gold Shares were worth $361,889,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Wealthfront Advisers LLC raised its position in shares of SPDR Gold Shares by 13.0% in the second quarter. Wealthfront Advisers LLC now owns 123,080 shares of the exchange traded fund’s stock worth $37,518,000 after buying an additional 14,154 shares in the last quarter. Pullen Investment Management LLC increased its stake in SPDR Gold Shares by 2.3% in the second quarter. Pullen Investment Management LLC now owns 6,818 shares of the exchange traded fund’s stock valued at $2,078,000 after acquiring an additional 151 shares during the last quarter. Darden Wealth Group Inc increased its stake in SPDR Gold Shares by 62.5% in the second quarter. Darden Wealth Group Inc now owns 1,867 shares of the exchange traded fund’s stock valued at $569,000 after acquiring an additional 718 shares during the last quarter. Ndwm LLC increased its stake in SPDR Gold Shares by 295.0% in the second quarter. Ndwm LLC now owns 19,195 shares of the exchange traded fund’s stock valued at $5,851,000 after acquiring an additional 14,335 shares during the last quarter. Finally, Anthracite Investment Company Inc. increased its stake in SPDR Gold Shares by 5.0% in the second quarter. Anthracite Investment Company Inc. now owns 1,050 shares of the exchange traded fund’s stock valued at $320,000 after acquiring an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.3%

GLD opened at $377.52 on Monday. The stock has a market cap of $138.78 billion, a PE 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 business’s fifty day simple moving average is $345.72 and its 200 day simple moving average is $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).