SPDR Gold Shares $GLD Position Trimmed by Segment Wealth Management LLC

Segment Wealth Management LLC trimmed its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,160 shares of the exchange traded fund’s stock after selling 700 shares during the period. Segment Wealth Management LLC’s holdings in SPDR Gold Shares were worth $5,231,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in GLD. MJT & Associates Financial Advisory Group Inc. bought a new stake in SPDR Gold Shares during the first quarter worth approximately $30,000. Columbia River Financial Group LLC bought a new stake in SPDR Gold Shares during the first quarter worth approximately $34,000. Stone House Investment Management LLC bought a new stake in SPDR Gold Shares during the first quarter worth approximately $34,000. Legacy Wealth Managment LLC ID boosted its holdings in SPDR Gold Shares by 51.1% during the first quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 46 shares in the last quarter. Finally, HWG Holdings LP bought a new stake in SPDR Gold Shares during the first quarter worth approximately $53,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

SPDR Gold Shares stock opened at $357.64 on Friday. The firm’s 50 day simple moving average is $324.54 and its 200-day simple moving average is $309.50. The company has a market cap of $126.50 billion, a P/E ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a fifty-two week low of $236.13 and a fifty-two week high of $358.67.

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).