EWG Elevate Inc. Sells 7,021 Shares of SPDR Gold Shares $GLD

EWG Elevate Inc. trimmed its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 48.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,479 shares of the exchange traded fund’s stock after selling 7,021 shares during the period. EWG Elevate Inc.’s holdings in SPDR Gold Shares were worth $2,659,000 as of its most recent SEC filing.

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

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD opened at $395.89 on Wednesday. The business has a 50-day moving average of $379.69 and a 200-day moving average of $340.08. The stock has a market capitalization of $143.27 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a fifty-two week low of $238.73 and a fifty-two 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).