Interchange Capital Partners LLC Sells 600 Shares of SPDR Gold Shares $GLD

Interchange Capital Partners LLC lessened its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 11.3% in the second quarter, Holdings Channel reports. The institutional investor owned 4,703 shares of the exchange traded fund’s stock after selling 600 shares during the period. Interchange Capital Partners LLC’s holdings in SPDR Gold Shares were worth $1,434,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. bought a new position in SPDR Gold Shares in the 1st quarter valued at approximately $30,000. Columbia River Financial Group LLC bought a new position in SPDR Gold Shares in the 1st quarter valued at approximately $34,000. Stone House Investment Management LLC bought a new position in SPDR Gold Shares in the 1st quarter valued at approximately $34,000. Legacy Wealth Managment LLC ID raised its holdings in SPDR Gold Shares by 51.1% in 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 bought a new position in SPDR Gold Shares in the 1st quarter valued at approximately $56,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD opened at $377.52 on Friday. The company has a 50 day simple moving average of $345.72 and a 200 day simple moving average of $319.91. The firm 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 1 year low of $236.13 and a 1 year high of $403.30.

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).