SPDR Gold Shares $GLD Shares Sold by Madrona Financial Services LLC

Madrona Financial Services LLC trimmed its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 23.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,400 shares of the exchange traded fund’s stock after selling 424 shares during the quarter. Madrona Financial Services LLC’s holdings in SPDR Gold Shares were worth $427,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Cornerstone Wealth Management LLC boosted its position in 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 in the last quarter. American National Bank & Trust lifted its stake in shares of SPDR Gold Shares by 52.4% in the 2nd quarter. American National Bank & Trust now owns 291 shares of the exchange traded fund’s stock valued at $89,000 after purchasing an additional 100 shares during the period. Marmo Financial Group LLC purchased a new stake in SPDR Gold Shares during the first quarter worth $218,000. StrongBox Wealth LLC increased its holdings in SPDR Gold Shares by 10.1% in the second quarter. StrongBox Wealth LLC now owns 1,487 shares of the exchange traded fund’s stock valued at $453,000 after buying an additional 136 shares in the last quarter. Finally, Lloyd Advisory Services LLC. acquired a new position in shares of SPDR Gold Shares in the first quarter worth about $217,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.2%

GLD stock opened at $356.03 on Thursday. SPDR Gold Shares has a 52-week low of $236.13 and a 52-week high of $356.97. The firm has a market cap of $118.70 billion, a P/E ratio of -32.43 and a beta of 0.15. The company’s 50-day simple moving average is $322.65 and its 200-day simple moving average is $308.43.

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).