Schneider Downs Wealth Management Advisors LP Has $1.99 Million Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Schneider Downs Wealth Management Advisors LP reduced its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 4.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,891 shares of the exchange traded fund’s stock after selling 357 shares during the quarter. Schneider Downs Wealth Management Advisors LP’s holdings in SPDR Gold Shares were worth $1,986,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of GLD. Leigh Baldwin & CO. LLC bought a new position in SPDR Gold Shares in the 4th quarter worth approximately $401,829,000. Ameriprise Financial Inc. raised its position in SPDR Gold Shares by 10.9% in the 4th quarter. Ameriprise Financial Inc. now owns 1,387,693 shares of the exchange traded fund’s stock worth $335,909,000 after purchasing an additional 136,120 shares during the last quarter. Envestnet Asset Management Inc. raised its position in SPDR Gold Shares by 9.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,217,861 shares of the exchange traded fund’s stock worth $350,914,000 after purchasing an additional 106,648 shares during the last quarter. Commonwealth Equity Services LLC raised its position in SPDR Gold Shares by 16.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 1,141,703 shares of the exchange traded fund’s stock worth $328,970,000 after purchasing an additional 161,638 shares during the last quarter. Finally, Stifel Financial Corp raised its position in SPDR Gold Shares by 0.9% in the 4th quarter. Stifel Financial Corp now owns 829,955 shares of the exchange traded fund’s stock worth $200,957,000 after purchasing an additional 7,424 shares during the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

GLD stock opened at $307.43 on Friday. The company has a 50 day moving average price of $308.55 and a 200 day moving average price of $294.08. SPDR Gold Shares has a fifty-two week low of $228.26 and a fifty-two week high of $317.63. The stock has a market capitalization of $102.50 billion, a PE 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).