Northeast Financial Group Inc. Sells 4,783 Shares of SPDR Gold Shares $GLD

Northeast Financial Group Inc. reduced its holdings in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 33.5% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 9,497 shares of the exchange traded fund’s stock after selling 4,783 shares during the period. SPDR Gold Shares accounts for approximately 0.8% of Northeast Financial Group Inc.’s portfolio, making the stock its 24th largest position. Northeast Financial Group Inc.’s holdings in SPDR Gold Shares were worth $2,895,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Raymond James Financial Inc. increased its position in SPDR Gold Shares by 11.0% in the 1st quarter. Raymond James Financial Inc. now owns 2,063,634 shares of the exchange traded fund’s stock worth $594,616,000 after buying an additional 204,676 shares during the period. Ameriprise Financial Inc. increased its position in SPDR Gold Shares by 12.2% in the 1st quarter. Ameriprise Financial Inc. now owns 1,556,698 shares of the exchange traded fund’s stock worth $450,902,000 after buying an additional 169,005 shares during the period. 59 North Capital Management LP increased its position in SPDR Gold Shares by 76.4% in the 1st quarter. 59 North Capital Management LP now owns 1,263,196 shares of the exchange traded fund’s stock worth $363,977,000 after buying an additional 547,018 shares during the period. Envestnet Asset Management Inc. increased its position in SPDR Gold Shares by 9.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,217,861 shares of the exchange traded fund’s stock worth $350,914,000 after buying an additional 106,648 shares during the period. Finally, Commonwealth Equity Services LLC increased its position in SPDR Gold Shares by 16.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 1,141,703 shares of the exchange traded fund’s stock worth $328,970,000 after buying an additional 161,638 shares during the period. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Up 0.9%

Shares of NYSEARCA GLD opened at $355.47 on Wednesday. The business’s 50 day moving average is $321.77 and its two-hundred day moving average is $308.10. The company has a market cap of $118.51 billion, a P/E ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 12 month low of $236.13 and a 12 month high of $355.57.

SPDR Gold Shares Profile

(Free Report)

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).

See Also

Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLDFree Report).

Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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