SPDR Gold Shares $GLD Shares Sold by Advisors Capital Management LLC

Advisors Capital Management LLC cut its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 1.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 3,367 shares of the exchange traded fund’s stock after selling 39 shares during the period. Advisors Capital Management LLC’s holdings in SPDR Gold Shares were worth $970,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Iron Gate Global Advisors LLC raised its holdings in SPDR Gold Shares by 14.4% in the 1st quarter. Iron Gate Global Advisors LLC now owns 2,458 shares of the exchange traded fund’s stock valued at $708,000 after acquiring an additional 310 shares during the last quarter. Reliant Investment Partners LLC raised its holdings in SPDR Gold Shares by 11.9% in the 1st quarter. Reliant Investment Partners LLC now owns 2,720 shares of the exchange traded fund’s stock valued at $784,000 after acquiring an additional 290 shares during the last quarter. Beacon Capital Management Inc. raised its holdings in SPDR Gold Shares by 6.9% in the 1st quarter. Beacon Capital Management Inc. now owns 22,996 shares of the exchange traded fund’s stock valued at $6,981,000 after acquiring an additional 1,476 shares during the last quarter. McAdam LLC raised its holdings in SPDR Gold Shares by 105.5% in the 1st quarter. McAdam LLC now owns 6,807 shares of the exchange traded fund’s stock valued at $1,961,000 after acquiring an additional 3,494 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in SPDR Gold Shares by 28.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 15,161 shares of the exchange traded fund’s stock valued at $4,368,000 after acquiring an additional 3,325 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $335.42 on Friday. The stock has a fifty day moving average of $313.29 and a two-hundred day moving average of $301.64. The company has a market capitalization of $111.83 billion, a PE ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a fifty-two week low of $235.30 and a fifty-two week high of $338.31.

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).