Strategic Financial Concepts LLC Trims Holdings in SPDR Gold Shares $GLD

Strategic Financial Concepts LLC trimmed its stake in SPDR Gold Shares (NYSEARCA:GLD) by 67.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 3,149 shares of the exchange traded fund’s stock after selling 6,525 shares during the period. Strategic Financial Concepts LLC’s holdings in SPDR Gold Shares were worth $960,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in GLD. Brighton Jones LLC raised its stake in shares of SPDR Gold Shares by 20.4% in the 4th quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock valued at $2,723,000 after acquiring an additional 1,903 shares during the period. Bison Wealth LLC raised its stake in shares of SPDR Gold Shares by 77.8% in the 4th quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock valued at $1,438,000 after acquiring an additional 2,600 shares during the period. GAMMA Investing LLC raised its stake in shares of SPDR Gold Shares by 226.0% in the 1st quarter. GAMMA Investing LLC now owns 577 shares of the exchange traded fund’s stock valued at $166,000 after acquiring an additional 400 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in shares of SPDR Gold Shares in the 1st quarter valued at approximately $477,000. Finally, Calamos Wealth Management LLC purchased a new stake in shares of SPDR Gold Shares in the 1st quarter valued at approximately $265,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $368.12 on Friday. The stock has a market capitalization of $133.59 billion, a P/E ratio of -32.43 and a beta of 0.09. The company has a 50 day moving average price of $351.61 and a 200 day moving average price of $322.69. SPDR Gold Shares has a fifty-two week low of $236.13 and a fifty-two week high of $403.30.

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).