Sandbox Financial Partners LLC Decreases Stock Holdings in SPDR Gold Shares $GLD

Sandbox Financial Partners LLC trimmed its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 33.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,626 shares of the exchange traded fund’s stock after selling 4,328 shares during the period. Sandbox Financial Partners LLC’s holdings in SPDR Gold Shares were worth $2,629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Principal Securities Inc. grew its position in SPDR Gold Shares by 0.3% in the 1st quarter. Principal Securities Inc. now owns 10,301 shares of the exchange traded fund’s stock valued at $2,968,000 after acquiring an additional 33 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in SPDR Gold Shares by 6.6% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 568 shares of the exchange traded fund’s stock valued at $164,000 after acquiring an additional 35 shares during the last quarter. Pinnacle Associates Ltd. grew its position in SPDR Gold Shares by 0.3% in the 1st quarter. Pinnacle Associates Ltd. now owns 11,762 shares of the exchange traded fund’s stock valued at $3,389,000 after acquiring an additional 35 shares during the last quarter. FourThought Financial Partners LLC grew its position in SPDR Gold Shares by 3.5% in the 1st quarter. FourThought Financial Partners LLC now owns 1,036 shares of the exchange traded fund’s stock valued at $299,000 after acquiring an additional 35 shares during the last quarter. Finally, Stewardship Advisors LLC grew its position in SPDR Gold Shares by 2.6% in the 1st quarter. Stewardship Advisors LLC now owns 1,441 shares of the exchange traded fund’s stock valued at $415,000 after acquiring an additional 36 shares during the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 1.0%

Shares of SPDR Gold Shares stock opened at $338.91 on Tuesday. The stock’s fifty day moving average is $313.92 and its two-hundred day moving average is $302.65. The company has a market capitalization of $112.99 billion, a PE ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 52 week low of $235.30 and a 52 week high of $339.28.

SPDR Gold Shares Company 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).