Wallington Asset Management LLC Sells 5,168 Shares of SPDR Gold Shares $GLD

Wallington Asset Management LLC trimmed its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 9.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,500 shares of the exchange traded fund’s stock after selling 5,168 shares during the quarter. SPDR Gold Shares makes up about 2.0% of Wallington Asset Management LLC’s investment portfolio, making the stock its 20th biggest position. Wallington Asset Management LLC’s holdings in SPDR Gold Shares were worth $14,479,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in GLD. MJT & Associates Financial Advisory Group Inc. bought a new stake in SPDR Gold Shares during the 1st quarter worth about $30,000. Columbia River Financial Group LLC bought a new stake in SPDR Gold Shares during the 1st quarter worth about $34,000. Stone House Investment Management LLC bought a new stake in SPDR Gold Shares during the 1st quarter worth about $34,000. Legacy Wealth Managment LLC ID grew its holdings in 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 worth $39,000 after acquiring an additional 46 shares during the last quarter. Finally, HWG Holdings LP bought a new stake in SPDR Gold Shares during the 1st quarter worth about $53,000. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Up 0.8%

Shares of NYSEARCA:GLD opened at $357.64 on Friday. SPDR Gold Shares has a 12 month low of $236.13 and a 12 month high of $358.67. The company’s 50-day moving average price is $324.54 and its two-hundred day moving average price is $309.50. The firm has a market cap of $126.50 billion, a P/E ratio of -32.43 and a beta of 0.15.

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).