SPDR Gold Shares $GLD Shares Sold by Patrick Mauro Investment Advisor INC.

Patrick Mauro Investment Advisor INC. reduced its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 14.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,801 shares of the exchange traded fund’s stock after selling 1,272 shares during the quarter. SPDR Gold Shares accounts for 1.3% of Patrick Mauro Investment Advisor INC.’s holdings, making the stock its 27th largest position. Patrick Mauro Investment Advisor INC.’s holdings in SPDR Gold Shares were worth $2,378,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of GLD. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of SPDR Gold Shares in the 1st quarter valued at $30,000. Stone House Investment Management LLC acquired a new stake in SPDR Gold Shares during the first quarter valued at $34,000. Traub Capital Management LLC purchased a new position in SPDR Gold Shares in the second quarter valued at $34,000. Legacy Wealth Managment LLC ID increased its holdings in SPDR Gold Shares by 51.1% in the first quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 46 shares in the last quarter. Finally, First Command Advisory Services Inc. acquired a new position in shares of SPDR Gold Shares in the second quarter worth about $43,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Down 0.2%

GLD stock opened at $374.27 on Friday. SPDR Gold Shares has a 52-week low of $238.73 and a 52-week high of $403.30. The firm has a market cap of $135.45 billion, a P/E ratio of -32.43 and a beta of 0.09. The company’s 50-day simple moving average is $366.28 and its 200-day simple moving average is $329.72.

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).