Wise Wealth Partners Sells 4,612 Shares of SPDR Gold Shares $GLD

Wise Wealth Partners lowered its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 30.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,768 shares of the exchange traded fund’s stock after selling 4,612 shares during the period. SPDR Gold Shares accounts for approximately 5.5% of Wise Wealth Partners’ investment portfolio, making the stock its 3rd biggest holding. Wise Wealth Partners’ holdings in SPDR Gold Shares were worth $3,282,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. DAVENPORT & Co LLC increased its position in SPDR Gold Shares by 105.3% during the first quarter. DAVENPORT & Co LLC now owns 45,496 shares of the exchange traded fund’s stock worth $13,109,000 after acquiring an additional 896,836 shares during the period. 59 North Capital Management LP grew its position in shares of SPDR Gold Shares by 76.4% during the 1st quarter. 59 North Capital Management LP now owns 1,263,196 shares of the exchange traded fund’s stock worth $363,977,000 after purchasing an additional 547,018 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd increased its holdings in shares of SPDR Gold Shares by 604.5% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 548,947 shares of the exchange traded fund’s stock worth $158,174,000 after purchasing an additional 471,032 shares during the period. Kingstone Capital Partners Texas LLC acquired a new stake in shares of SPDR Gold Shares in the second quarter valued at approximately $120,429,000. Finally, Raymond James Financial Inc. raised its position in shares of SPDR Gold Shares by 11.0% in the first quarter. Raymond James Financial Inc. now owns 2,063,634 shares of the exchange traded fund’s stock valued at $594,616,000 after buying an additional 204,676 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD opened at $364.38 on Tuesday. The business’s 50 day simple moving average is $325.72 and its 200 day simple moving average is $310.51. SPDR Gold Shares has a 1 year low of $236.13 and a 1 year high of $365.30. The company has a market capitalization of $129.65 billion, a P/E ratio of -32.43 and a beta of 0.15.

SPDR Gold Shares Profile

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).