Key Financial Inc Decreases Stock Holdings in SPDR Gold Shares $GLD

Key Financial Inc lessened its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 13.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 917 shares of the exchange traded fund’s stock after selling 146 shares during the period. Key Financial Inc’s holdings in SPDR Gold Shares were worth $280,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. WorthPointe LLC raised its position in SPDR Gold Shares by 45.7% in the second quarter. WorthPointe LLC now owns 10,339 shares of the exchange traded fund’s stock valued at $3,152,000 after purchasing an additional 3,245 shares during the period. Obermeyer Wealth Partners boosted its position in shares of SPDR Gold Shares by 13.1% in the second quarter. Obermeyer Wealth Partners now owns 13,158 shares of the exchange traded fund’s stock worth $4,011,000 after buying an additional 1,526 shares during the period. Bridgewater Advisors Inc. grew its stake in shares of SPDR Gold Shares by 0.6% in the second quarter. Bridgewater Advisors Inc. now owns 9,568 shares of the exchange traded fund’s stock valued at $2,930,000 after buying an additional 53 shares in the last quarter. Peregrine Asset Advisers Inc. raised its holdings in shares of SPDR Gold Shares by 46.3% during the 2nd quarter. Peregrine Asset Advisers Inc. now owns 14,281 shares of the exchange traded fund’s stock valued at $4,353,000 after buying an additional 4,520 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of SPDR Gold Shares by 12.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 150,787 shares of the exchange traded fund’s stock valued at $45,964,000 after buying an additional 16,187 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 1.8%

NYSEARCA GLD opened at $362.32 on Wednesday. SPDR Gold Shares has a fifty-two week low of $236.13 and a fifty-two week high of $403.30. The business has a 50 day moving average price of $353.79 and a two-hundred day moving average price of $323.63. The stock has a market cap of $131.12 billion, a PE ratio of -32.43 and a beta of 0.09.

SPDR Gold Shares 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).