New Century Financial Group LLC Sells 132 Shares of SPDR Gold Shares $GLD

New Century Financial Group LLC lessened its stake in SPDR Gold Shares (NYSEARCA:GLD) by 5.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 2,345 shares of the exchange traded fund’s stock after selling 132 shares during the quarter. New Century Financial Group LLC’s holdings in SPDR Gold Shares were worth $715,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Whelan Financial purchased a new stake in SPDR Gold Shares in the 2nd quarter worth $206,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of SPDR Gold Shares by 2.1% in the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,880 shares of the exchange traded fund’s stock worth $573,000 after purchasing an additional 38 shares during the last quarter. Custos Family Office LLC lifted its position in shares of SPDR Gold Shares by 5.7% in the second quarter. Custos Family Office LLC now owns 1,076 shares of the exchange traded fund’s stock worth $328,000 after buying an additional 58 shares in the last quarter. Quattro Financial Advisors LLC bought a new position in SPDR Gold Shares during the second quarter valued at approximately $5,031,000. Finally, Hilltop National Bank purchased a new position in SPDR Gold Shares during the 2nd quarter valued at approximately $1,210,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

NYSEARCA:GLD opened at $354.79 on Friday. The company has a market cap of $125.49 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 1 year low of $236.13 and a 1 year high of $358.67. The stock’s 50 day simple moving average is $323.54 and its two-hundred day simple moving average is $308.97.

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).