SPDR Gold Shares $GLD Shares Sold by Founders Financial Securities LLC

Founders Financial Securities LLC reduced its holdings in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 22.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 4,858 shares of the exchange traded fund’s stock after selling 1,425 shares during the period. Founders Financial Securities LLC’s holdings in SPDR Gold Shares were worth $1,727,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. American National Bank & Trust grew its position in 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 worth $89,000 after acquiring an additional 100 shares during the period. StrongBox Wealth LLC lifted its stake in shares of SPDR Gold Shares by 10.1% in the 2nd quarter. StrongBox Wealth LLC now owns 1,487 shares of the exchange traded fund’s stock valued at $453,000 after purchasing an additional 136 shares during the last quarter. Beaumont Financial Advisors LLC grew its holdings in shares of SPDR Gold Shares by 6.5% during the 2nd quarter. Beaumont Financial Advisors LLC now owns 3,509 shares of the exchange traded fund’s stock worth $1,070,000 after purchasing an additional 215 shares during the period. TD Private Client Wealth LLC grew its holdings in shares of 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 purchasing an additional 6,540 shares during the period. Finally, ST Germain D J Co. Inc. increased its position 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 purchasing an additional 835 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

NYSEARCA GLD opened at $411.93 on Thursday. The stock has a market capitalization of $149.08 billion, a P/E ratio of -32.43 and a beta of 0.09. The firm’s 50-day moving average is $383.24 and its two-hundred day moving average is $343.89. SPDR Gold Shares has a 12 month low of $239.58 and a 12 month high of $413.76.

SPDR Gold Shares News Roundup

Here are the key news stories impacting SPDR Gold Shares this week:

About SPDR Gold Shares

(Free Report)

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). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.

Featured Articles

Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLDFree Report).

Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

Receive News & Ratings for SPDR Gold Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Shares and related companies with MarketBeat.com's FREE daily email newsletter.