SPDR Gold Shares $GLD Shares Sold by Cercano Management LLC

Cercano Management LLC trimmed its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 1.6% in the 2nd quarter, HoldingsChannel reports. The fund owned 100,346 shares of the exchange traded fund’s stock after selling 1,659 shares during the quarter. SPDR Gold Shares makes up approximately 0.9% of Cercano Management LLC’s holdings, making the stock its 28th biggest holding. Cercano Management LLC’s holdings in SPDR Gold Shares were worth $30,588,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GLD. Collaborative Wealth Managment Inc. lifted its stake in shares of SPDR Gold Shares by 16.2% in the 2nd quarter. Collaborative Wealth Managment Inc. now owns 976 shares of the exchange traded fund’s stock valued at $298,000 after purchasing an additional 136 shares during the last quarter. Avantax Advisory Services Inc. increased its position in shares of SPDR Gold Shares by 3.5% during the 2nd quarter. Avantax Advisory Services Inc. now owns 137,441 shares of the exchange traded fund’s stock worth $41,896,000 after purchasing an additional 4,683 shares during the last quarter. Glaxis Capital Management LLC purchased a new stake in SPDR Gold Shares in the 2nd quarter valued at about $1,524,000. Sculati Wealth Management LLC lifted its position in SPDR Gold Shares by 17.2% in the second quarter. Sculati Wealth Management LLC now owns 840 shares of the exchange traded fund’s stock valued at $256,000 after buying an additional 123 shares during the last quarter. Finally, CWS Financial Advisors LLC lifted its position in SPDR Gold Shares by 4.3% in the second quarter. CWS Financial Advisors LLC now owns 2,523 shares of the exchange traded fund’s stock valued at $769,000 after buying an additional 103 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of GLD stock opened at $375.96 on Friday. SPDR Gold Shares has a 1-year low of $236.33 and a 1-year high of $403.30. The firm has a market cap of $136.06 billion, a PE ratio of -32.43 and a beta of 0.09. The company has a 50-day moving average of $362.36 and a two-hundred day moving average of $327.28.

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).