Signature Estate & Investment Advisors LLC Trims Holdings in SPDR Gold Shares $GLD

Signature Estate & Investment Advisors LLC cut its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 2.7% during the second quarter, Holdings Channel reports. The institutional investor owned 5,091 shares of the exchange traded fund’s stock after selling 140 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in SPDR Gold Shares were worth $1,552,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Quotient Wealth Partners LLC grew its position in shares of SPDR Gold Shares by 103.6% in the 2nd quarter. Quotient Wealth Partners LLC now owns 1,686 shares of the exchange traded fund’s stock worth $514,000 after buying an additional 858 shares during the period. Manchester Financial Inc. grew its position in shares of SPDR Gold Shares by 6.1% in the 2nd quarter. Manchester Financial Inc. now owns 2,376 shares of the exchange traded fund’s stock worth $724,000 after buying an additional 137 shares during the period. Koshinski Asset Management Inc. grew its position in shares of SPDR Gold Shares by 9.4% in the 2nd quarter. Koshinski Asset Management Inc. now owns 22,504 shares of the exchange traded fund’s stock worth $6,860,000 after buying an additional 1,925 shares during the period. Foster & Motley Inc. grew its position in shares of SPDR Gold Shares by 24.4% in the 2nd quarter. Foster & Motley Inc. now owns 876 shares of the exchange traded fund’s stock worth $267,000 after buying an additional 172 shares during the period. Finally, JTC Employer Solutions Trustee Ltd grew its position in shares of SPDR Gold Shares by 16.8% in the 2nd quarter. JTC Employer Solutions Trustee Ltd now owns 10,953 shares of the exchange traded fund’s stock worth $3,339,000 after buying an additional 1,577 shares during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock opened at $388.99 on Monday. The stock has a market cap of $138.95 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. The firm’s 50-day moving average is $338.26 and its 200 day moving average is $316.48. SPDR Gold Shares has a 1 year low of $236.13 and a 1 year high of $397.28.

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).