SPDR Gold Shares $GLD Shares Sold by Conservest Capital Advisors Inc.

Conservest Capital Advisors Inc. reduced its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 1.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,487 shares of the exchange traded fund’s stock after selling 535 shares during the quarter. SPDR Gold Shares makes up 0.9% of Conservest Capital Advisors Inc.’s portfolio, making the stock its 21st biggest holding. Conservest Capital Advisors Inc.’s holdings in SPDR Gold Shares were worth $8,989,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Principal Securities Inc. increased its stake in SPDR Gold Shares by 0.3% in the first quarter. Principal Securities Inc. now owns 10,301 shares of the exchange traded fund’s stock valued at $2,968,000 after purchasing an additional 33 shares during the last quarter. TPG Advisors LLC grew its position in SPDR Gold Shares by 2.6% during the second quarter. TPG Advisors LLC now owns 1,291 shares of the exchange traded fund’s stock valued at $394,000 after acquiring an additional 33 shares during the period. Mather Group LLC. grew its position in SPDR Gold Shares by 1.8% during the second quarter. Mather Group LLC. now owns 1,946 shares of the exchange traded fund’s stock valued at $593,000 after acquiring an additional 34 shares during the period. Pinnacle Associates Ltd. grew its position in SPDR Gold Shares by 0.3% during the first quarter. Pinnacle Associates Ltd. now owns 11,762 shares of the exchange traded fund’s stock valued at $3,389,000 after acquiring an additional 35 shares during the period. Finally, FourThought Financial Partners LLC grew its position in SPDR Gold Shares by 3.5% during the first quarter. FourThought Financial Partners LLC now owns 1,036 shares of the exchange traded fund’s stock valued at $299,000 after acquiring an additional 35 shares during the period. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Down 0.3%

GLD stock opened at $377.52 on Friday. The stock has a 50-day moving average price of $345.72 and a two-hundred day moving average price of $319.91. SPDR Gold Shares has a 12-month low of $236.13 and a 12-month high of $403.30. The company has a market cap of $138.78 billion, a PE ratio of -32.43 and a beta of 0.15.

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).