Mascagni Wealth Management Inc. Sells 453 Shares of SPDR Gold Shares $GLD

Mascagni Wealth Management Inc. trimmed its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 19.1% in the second quarter, Holdings Channel.com reports. The fund owned 1,924 shares of the exchange traded fund’s stock after selling 453 shares during the quarter. Mascagni Wealth Management Inc.’s holdings in SPDR Gold Shares were worth $586,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GLD. American National Bank & Trust grew its stake in shares of SPDR Gold Shares by 52.4% during the 2nd quarter. American National Bank & Trust now owns 291 shares of the exchange traded fund’s stock worth $89,000 after acquiring an additional 100 shares in the last quarter. StrongBox Wealth LLC boosted its holdings in SPDR Gold Shares by 10.1% during the second quarter. StrongBox Wealth LLC now owns 1,487 shares of the exchange traded fund’s stock worth $453,000 after purchasing an additional 136 shares during the last quarter. Beaumont Financial Advisors LLC grew its position in SPDR Gold Shares by 6.5% in the second quarter. Beaumont Financial Advisors LLC now owns 3,509 shares of the exchange traded fund’s stock valued at $1,070,000 after purchasing an additional 215 shares in the last quarter. TD Private Client Wealth LLC increased its stake in SPDR Gold Shares by 14.6% in the 2nd quarter. TD Private Client Wealth LLC now owns 51,235 shares of the exchange traded fund’s stock valued at $15,618,000 after buying an additional 6,540 shares during the last quarter. Finally, ST Germain D J Co. Inc. increased its stake in SPDR Gold Shares by 151.5% in the 2nd quarter. ST Germain D J Co. Inc. now owns 1,386 shares of the exchange traded fund’s stock valued at $422,000 after buying an additional 835 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

SPDR Gold Shares stock opened at $366.51 on Thursday. The firm has a 50-day moving average of $354.87 and a 200-day moving average of $323.93. The company has a market cap of $132.64 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a one year low of $236.13 and a one year high of $403.30.

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).