SPDR Gold Shares $GLD Stock Position Decreased by Maridea Wealth Management LLC

Maridea Wealth Management LLC lessened its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 24.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,946 shares of the exchange traded fund’s stock after selling 6,315 shares during the period. SPDR Gold Shares accounts for approximately 1.6% of Maridea Wealth Management LLC’s holdings, making the stock its 12th biggest position. Maridea Wealth Management LLC’s holdings in SPDR Gold Shares were worth $6,080,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of SPDR Gold Shares during the 1st quarter valued at about $30,000. Columbia River Financial Group LLC bought a new stake in shares of SPDR Gold Shares during the 1st quarter valued at about $34,000. Stone House Investment Management LLC bought a new stake in shares of SPDR Gold Shares during the 1st quarter valued at about $34,000. Legacy Wealth Managment LLC ID grew its position in shares of SPDR Gold Shares by 51.1% during the 1st 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 during the last quarter. Finally, HWG Holdings LP bought a new stake in shares of SPDR Gold Shares during the 1st quarter valued at about $53,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.9%

Shares of NYSEARCA:GLD opened at $343.32 on Thursday. SPDR Gold Shares has a fifty-two week low of $236.13 and a fifty-two week high of $348.75. The company has a market cap of $114.46 billion, a PE ratio of -32.43 and a beta of 0.15. The firm has a 50-day simple moving average of $318.69 and a 200 day simple moving average of $305.68.

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).