Park Edge Advisors LLC Lowers Stake in SPDR Gold Shares $GLD

Park Edge Advisors LLC lessened its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 1.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 28,998 shares of the exchange traded fund’s stock after selling 441 shares during the period. SPDR Gold Shares makes up about 2.3% of Park Edge Advisors LLC’s investment portfolio, making the stock its 5th largest position. Park Edge Advisors LLC’s holdings in SPDR Gold Shares were worth $8,839,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Cornerstone Wealth Management LLC lifted its stake in shares of SPDR Gold Shares by 4.0% in the 1st quarter. Cornerstone Wealth Management LLC now owns 10,110 shares of the exchange traded fund’s stock worth $2,913,000 after purchasing an additional 388 shares during the period. Marmo Financial Group LLC purchased a new stake in SPDR Gold Shares in the 1st quarter worth approximately $218,000. Lloyd Advisory Services LLC. purchased a new stake in SPDR Gold Shares in the 1st quarter worth approximately $217,000. Horizon Wealth Management LLC increased its holdings in SPDR Gold Shares by 61.6% in the 1st quarter. Horizon Wealth Management LLC now owns 82,640 shares of the exchange traded fund’s stock worth $23,812,000 after acquiring an additional 31,514 shares in the last quarter. Finally, Lake Hills Wealth Management LLC increased its holdings in SPDR Gold Shares by 69.5% in the 1st quarter. Lake Hills Wealth Management LLC now owns 35,881 shares of the exchange traded fund’s stock worth $10,339,000 after acquiring an additional 14,717 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.2%

SPDR Gold Shares stock opened at $335.42 on Friday. The firm has a 50 day moving average of $313.29 and a 200 day moving average of $301.86. The firm has a market capitalization of $111.83 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 12-month low of $235.30 and a 12-month high of $338.31.

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).