Johnson Bixby & Associates LLC Reduces Stake in SPDR Gold Shares $GLD

Johnson Bixby & Associates LLC cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 7.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,716 shares of the exchange traded fund’s stock after selling 370 shares during the quarter. Johnson Bixby & Associates LLC’s holdings in SPDR Gold Shares were worth $1,438,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. purchased a new position in SPDR Gold Shares during the first quarter worth about $30,000. Stone House Investment Management LLC acquired a new position in shares of SPDR Gold Shares during the 1st quarter valued at about $34,000. Columbia River Financial Group LLC bought a new stake in shares of SPDR Gold Shares in the 1st quarter worth approximately $34,000. Legacy Wealth Managment LLC ID increased its holdings in SPDR Gold Shares by 51.1% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 46 shares in the last quarter. Finally, HWG Holdings LP acquired a new stake in shares of SPDR Gold Shares during the first quarter worth $53,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock opened at $346.74 on Friday. SPDR Gold Shares has a one year low of $236.13 and a one year high of $348.75. The firm has a market cap of $115.60 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. The stock’s 50-day moving average is $320.20 and its 200-day moving average is $307.01.

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).