SPDR Gold Shares $GLD Shares Sold by AlphaCore Capital LLC

AlphaCore Capital LLC lessened its position in SPDR Gold Shares (NYSEARCA:GLD) by 0.4% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 109,494 shares of the exchange traded fund’s stock after selling 493 shares during the quarter. SPDR Gold Shares accounts for approximately 1.3% of AlphaCore Capital LLC’s portfolio, making the stock its 17th biggest position. AlphaCore Capital LLC’s holdings in SPDR Gold Shares were worth $33,377,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. purchased a new stake in SPDR Gold Shares during the first quarter worth about $30,000. Stone House Investment Management LLC acquired a new position in shares of SPDR Gold Shares in the first quarter valued at approximately $34,000. Traub Capital Management LLC purchased a new stake in SPDR Gold Shares during the 2nd quarter worth approximately $34,000. Legacy Wealth Managment LLC ID increased its stake in SPDR Gold Shares by 51.1% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 46 shares during the period. Finally, First Command Advisory Services Inc. acquired a new stake in SPDR Gold Shares during the 2nd quarter worth approximately $43,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Down 0.2%

Shares of GLD stock opened at $374.27 on Friday. The firm has a 50 day moving average of $366.28 and a two-hundred day moving average of $329.62. The stock has a market capitalization of $135.45 billion, a PE ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 52 week low of $238.73 and a 52 week high of $403.30.

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).