SPDR Gold Shares $GLD Shares Sold by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC lowered its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 67.4% in the second quarter, HoldingsChannel reports. The firm owned 3,149 shares of the exchange traded fund’s stock after selling 6,525 shares during the quarter. Strategic Financial Concepts LLC’s holdings in SPDR Gold Shares were worth $960,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Brighton Jones LLC grew its holdings in SPDR Gold Shares by 20.4% during the 4th quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock worth $2,723,000 after acquiring an additional 1,903 shares in the last quarter. Bison Wealth LLC grew its holdings in SPDR Gold Shares by 77.8% during the 4th quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock worth $1,438,000 after acquiring an additional 2,600 shares in the last quarter. GAMMA Investing LLC grew its holdings in SPDR Gold Shares by 226.0% during the 1st quarter. GAMMA Investing LLC now owns 577 shares of the exchange traded fund’s stock worth $166,000 after acquiring an additional 400 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in SPDR Gold Shares during the 1st quarter worth approximately $477,000. Finally, Calamos Wealth Management LLC acquired a new position in SPDR Gold Shares during the 1st quarter worth approximately $265,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.5%

NYSEARCA GLD opened at $368.12 on Friday. SPDR Gold Shares has a 52 week low of $236.13 and a 52 week high of $403.30. The stock has a market capitalization of $133.59 billion, a PE ratio of -32.43 and a beta of 0.09. The firm has a 50 day moving average of $351.61 and a two-hundred day moving average of $322.69.

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).