First National Corp MA ADV Has $18.47 Million Stock Position in SPDR Gold Shares $GLD

First National Corp MA ADV decreased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 24.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,584 shares of the exchange traded fund’s stock after selling 19,125 shares during the period. SPDR Gold Shares accounts for about 3.7% of First National Corp MA ADV’s holdings, making the stock its 4th largest holding. First National Corp MA ADV’s holdings in SPDR Gold Shares were worth $18,468,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Parisi Gray Wealth Management bought a new position in SPDR Gold Shares during the 2nd quarter valued at approximately $469,000. Dover Advisors LLC raised its position in SPDR Gold Shares by 9.6% during the 2nd quarter. Dover Advisors LLC now owns 2,229 shares of the exchange traded fund’s stock valued at $679,000 after purchasing an additional 195 shares during the last quarter. Chemistry Wealth Management LLC raised its position in shares of SPDR Gold Shares by 4.6% in the 2nd quarter. Chemistry Wealth Management LLC now owns 3,744 shares of the exchange traded fund’s stock worth $1,141,000 after acquiring an additional 163 shares in the last quarter. Advance Capital Management Inc. raised its position in shares of SPDR Gold Shares by 8.6% in the 2nd quarter. Advance Capital Management Inc. now owns 3,997 shares of the exchange traded fund’s stock worth $1,218,000 after acquiring an additional 316 shares in the last quarter. Finally, Granite Bay Wealth Management LLC raised its position in shares of SPDR Gold Shares by 55.4% in the 2nd quarter. Granite Bay Wealth Management LLC now owns 16,423 shares of the exchange traded fund’s stock worth $5,006,000 after acquiring an additional 5,858 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD opened at $338.91 on Tuesday. SPDR Gold Shares has a 52-week low of $235.30 and a 52-week high of $339.28. The firm has a market capitalization of $112.99 billion, a P/E ratio of -32.43 and a beta of 0.15. The stock has a 50 day moving average price of $313.92 and a 200-day moving average price of $302.65.

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).