Lee Financial Co Has $23.74 Million Stake in SPDR Gold Shares $GLD

Lee Financial Co lessened its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 0.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 77,869 shares of the exchange traded fund’s stock after selling 116 shares during the period. SPDR Gold Shares accounts for approximately 3.4% of Lee Financial Co’s holdings, making the stock its 7th biggest position. Lee Financial Co’s holdings in SPDR Gold Shares were worth $23,737,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in GLD. Brighton Jones LLC lifted its holdings in shares of SPDR Gold Shares by 20.4% in the 4th quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock valued at $2,723,000 after acquiring an additional 1,903 shares during the last quarter. Bison Wealth LLC lifted its holdings in shares of SPDR Gold Shares by 77.8% in the 4th quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock valued at $1,438,000 after acquiring an additional 2,600 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of SPDR Gold Shares in the 1st quarter valued at about $288,000. GAMMA Investing LLC lifted its holdings in shares of SPDR Gold Shares by 226.0% in the 1st quarter. GAMMA Investing LLC now owns 577 shares of the exchange traded fund’s stock valued at $166,000 after acquiring an additional 400 shares during the last quarter. Finally, Baker Ellis Asset Management LLC lifted its holdings in shares of SPDR Gold Shares by 3.8% in the 1st quarter. Baker Ellis Asset Management LLC now owns 8,199 shares of the exchange traded fund’s stock valued at $2,362,000 after acquiring an additional 300 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 1.8%

Shares of NYSEARCA:GLD opened at $365.43 on Friday. SPDR Gold Shares has a 12 month low of $236.13 and a 12 month high of $373.57. The company has a 50-day moving average price of $329.60 and a 200 day moving average price of $311.92. The company has a market cap of $129.29 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15.

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).