Envestnet Portfolio Solutions Inc. Cuts Stock Position in SPDR Gold Shares $GLD

Envestnet Portfolio Solutions Inc. trimmed its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 7.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 90,067 shares of the exchange traded fund’s stock after selling 6,960 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in SPDR Gold Shares were worth $27,455,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of SPDR Gold Shares during the first quarter worth approximately $30,000. Columbia River Financial Group LLC bought a new position in shares of SPDR Gold Shares during the 1st quarter valued at $34,000. Stone House Investment Management LLC bought a new stake in SPDR Gold Shares in the first quarter worth $34,000. Legacy Wealth Managment LLC ID boosted its position 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 valued at $39,000 after buying an additional 46 shares during the period. Finally, HWG Holdings LP bought a new position in shares of SPDR Gold Shares during the first quarter valued at about $53,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock opened at $369.12 on Monday. The stock has a market capitalization of $130.82 billion, a P/E ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a one year low of $236.13 and a one year high of $373.57. The business’s 50 day simple moving average is $330.80 and its two-hundred day simple moving average is $313.00.

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).