New Century Financial Group LLC Reduces Stake in SPDR Gold Shares $GLD

New Century Financial Group LLC lowered its position in SPDR Gold Shares (NYSEARCA:GLD) by 5.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,345 shares of the exchange traded fund’s stock after selling 132 shares during the period. New Century Financial Group LLC’s holdings in SPDR Gold Shares were worth $715,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. increased its position in shares of SPDR Gold Shares by 11.0% during the 1st quarter. Raymond James Financial Inc. now owns 2,063,634 shares of the exchange traded fund’s stock valued at $594,616,000 after purchasing an additional 204,676 shares during the last quarter. Ameriprise Financial Inc. grew its position in SPDR Gold Shares by 12.2% during the first quarter. Ameriprise Financial Inc. now owns 1,556,698 shares of the exchange traded fund’s stock valued at $450,902,000 after buying an additional 169,005 shares during the period. 59 North Capital Management LP grew its position in SPDR Gold Shares by 76.4% during the first quarter. 59 North Capital Management LP now owns 1,263,196 shares of the exchange traded fund’s stock valued at $363,977,000 after buying an additional 547,018 shares during the period. Envestnet Asset Management Inc. increased its holdings in SPDR Gold Shares by 9.6% during the first quarter. Envestnet Asset Management Inc. now owns 1,217,861 shares of the exchange traded fund’s stock valued at $350,914,000 after buying an additional 106,648 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its position in SPDR Gold Shares by 16.5% in the first quarter. Commonwealth Equity Services LLC now owns 1,141,703 shares of the exchange traded fund’s stock worth $328,970,000 after acquiring an additional 161,638 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock opened at $354.79 on Friday. The stock has a market capitalization of $125.49 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 $358.67. The company’s fifty day simple moving average is $323.54 and its 200-day simple moving average is $308.97.

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).