Western Wealth Management LLC Lowers Holdings in SPDR Gold Shares $GLD

Western Wealth Management LLC lowered its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 0.9% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 23,401 shares of the exchange traded fund’s stock after selling 203 shares during the period. Western Wealth Management LLC’s holdings in SPDR Gold Shares were worth $7,133,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of SPDR Gold Shares in the 1st quarter valued at about $30,000. Stone House Investment Management LLC bought a new position in shares of SPDR Gold Shares during the first quarter valued at approximately $34,000. Legacy Wealth Managment LLC ID increased its holdings in SPDR Gold Shares by 51.1% during 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 during the period. First Command Advisory Services Inc. purchased a new stake in SPDR Gold Shares during the second quarter worth $43,000. Finally, Decker Retirement Planning Inc. boosted its position in SPDR Gold Shares by 358.8% during the 2nd quarter. Decker Retirement Planning Inc. now owns 156 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 122 shares in the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Down 1.8%

Shares of NYSEARCA:GLD opened at $375.96 on Friday. The company has a market capitalization of $136.06 billion, a PE ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 12-month low of $236.33 and a 12-month high of $403.30. The business’s fifty day simple moving average is $362.36 and its 200-day simple moving average is $327.28.

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).