Hodges Capital Management Inc. Trims Stock Holdings in SPDR Gold Shares $GLD

Hodges Capital Management Inc. reduced its stake in SPDR Gold Shares (NYSEARCA:GLD) by 20.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,365 shares of the exchange traded fund’s stock after selling 1,655 shares during the period. Hodges Capital Management Inc.’s holdings in SPDR Gold Shares were worth $1,834,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cornerstone Wealth Management LLC raised its holdings in SPDR Gold Shares by 4.0% in the 1st quarter. Cornerstone Wealth Management LLC now owns 10,110 shares of the exchange traded fund’s stock valued at $2,913,000 after buying an additional 388 shares during the period. Marmo Financial Group LLC acquired a new position in SPDR Gold Shares during the 1st quarter worth about $218,000. Lloyd Advisory Services LLC. acquired a new position in SPDR Gold Shares during the 1st quarter worth about $217,000. Horizon Wealth Management LLC lifted its stake in SPDR Gold Shares by 61.6% during the 1st quarter. Horizon Wealth Management LLC now owns 82,640 shares of the exchange traded fund’s stock worth $23,812,000 after acquiring an additional 31,514 shares in the last quarter. Finally, Lake Hills Wealth Management LLC lifted its stake in SPDR Gold Shares by 69.5% during the 1st quarter. Lake Hills Wealth Management LLC now owns 35,881 shares of the exchange traded fund’s stock worth $10,339,000 after acquiring an additional 14,717 shares in the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 0.2%

GLD opened at $335.42 on Friday. The stock’s 50-day moving average price is $313.29 and its 200 day moving average price is $301.64. SPDR Gold Shares has a 12-month low of $235.30 and a 12-month high of $338.31. The firm has a market cap of $111.83 billion, a price-to-earnings 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).