Resurgent Financial Advisors LLC Sells 395 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Resurgent Financial Advisors LLC lessened its stake in SPDR Gold Shares (NYSEARCA:GLD) by 24.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,204 shares of the exchange traded fund’s stock after selling 395 shares during the period. Resurgent Financial Advisors LLC’s holdings in SPDR Gold Shares were worth $347,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp bought a new stake in shares of SPDR Gold Shares during the 4th quarter valued at $26,000. Columbia River Financial Group LLC bought a new stake in shares of SPDR Gold Shares during the 1st quarter valued at $34,000. HWG Holdings LP bought a new stake in shares of SPDR Gold Shares during the 1st quarter valued at $53,000. American National Bank & Trust raised its position in shares of SPDR Gold Shares by 189.4% during the 1st quarter. American National Bank & Trust now owns 191 shares of the exchange traded fund’s stock valued at $55,000 after acquiring an additional 125 shares during the last quarter. Finally, Inlight Wealth Management LLC acquired a new position in shares of SPDR Gold Shares in the 1st quarter valued at $55,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.3%

Shares of GLD stock opened at $308.39 on Friday. SPDR Gold Shares has a 12-month low of $217.52 and a 12-month high of $317.63. The firm has a market capitalization of $101.98 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. The firm has a fifty day moving average of $306.41 and a 200-day moving average of $285.75.

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).