SPDR Gold Shares $GLD Holdings Cut by Joule Financial LLC

Joule Financial LLC decreased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 23.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,196 shares of the exchange traded fund’s stock after selling 5,241 shares during the period. SPDR Gold Shares accounts for about 1.7% of Joule Financial LLC’s holdings, making the stock its 9th largest holding. Joule Financial LLC’s holdings in SPDR Gold Shares were worth $5,242,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Principal Securities Inc. increased its position in SPDR Gold Shares by 0.3% during the 1st quarter. Principal Securities Inc. now owns 10,301 shares of the exchange traded fund’s stock valued at $2,968,000 after purchasing an additional 33 shares during the period. TPG Advisors LLC increased its position in shares of SPDR Gold Shares by 2.6% during the second quarter. TPG Advisors LLC now owns 1,291 shares of the exchange traded fund’s stock valued at $394,000 after buying an additional 33 shares during the period. Mather Group LLC. increased its position in shares of SPDR Gold Shares by 1.8% during the second quarter. Mather Group LLC. now owns 1,946 shares of the exchange traded fund’s stock valued at $593,000 after buying an additional 34 shares during the period. Pinnacle Associates Ltd. raised its stake in SPDR Gold Shares by 0.3% in the first quarter. Pinnacle Associates Ltd. now owns 11,762 shares of the exchange traded fund’s stock worth $3,389,000 after buying an additional 35 shares in the last quarter. Finally, FourThought Financial Partners LLC lifted its holdings in SPDR Gold Shares by 3.5% in the first quarter. FourThought Financial Partners LLC now owns 1,036 shares of the exchange traded fund’s stock worth $299,000 after buying an additional 35 shares during the period. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Performance

GLD stock opened at $357.64 on Monday. SPDR Gold Shares has a fifty-two week low of $236.13 and a fifty-two week high of $358.67. The company has a market capitalization of $126.50 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. The business’s 50 day moving average price is $324.54 and its two-hundred day moving average price is $309.90.

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).