Magnolia Private Wealth LLC cut its position in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 6.9% in the second quarter, HoldingsChannel.com reports. The firm owned 1,350 shares of the exchange traded fund’s stock after selling 100 shares during the period. Magnolia Private Wealth LLC’s holdings in SPDR Gold Shares were worth $412,000 as of its most recent SEC filing.
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 first quarter worth about $30,000. Stone House Investment Management LLC bought a new position in SPDR Gold Shares in the first quarter worth about $34,000. Columbia River Financial Group LLC bought a new position in SPDR Gold Shares in the first quarter worth about $34,000. Legacy Wealth Managment LLC ID raised its holdings in SPDR Gold Shares by 51.1% in the first quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 46 shares in the last quarter. Finally, HWG Holdings LP bought a new position in SPDR Gold Shares in the first quarter worth about $53,000. 42.19% of the stock is currently owned by institutional investors.
SPDR Gold Shares Stock Performance
Shares of SPDR Gold Shares stock opened at $355.47 on Wednesday. The company has a market capitalization of $118.51 billion, a PE ratio of -32.43 and a beta of 0.15. The company has a 50-day simple moving average of $321.77 and a two-hundred day simple moving average of $308.10. SPDR Gold Shares has a one year low of $236.13 and a one year high of $355.57.
SPDR Gold Shares 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).
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