Envestnet Asset Management Inc. lowered its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 7.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 335,306 shares of the exchange traded fund’s stock after selling 28,423 shares during the quarter. Envestnet Asset Management Inc. owned 0.12% of SPDR Gold Shares worth $44,663,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Archford Capital Strategies LLC bought a new stake in SPDR Gold Shares during the second quarter worth about $25,000. Live Your Vision LLC grew its stake in SPDR Gold Shares by 263.5% during the first quarter. Live Your Vision LLC now owns 229 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 166 shares during the last quarter. Howe & Rusling Inc. grew its stake in SPDR Gold Shares by 81.8% during the first quarter. Howe & Rusling Inc. now owns 289 shares of the exchange traded fund’s stock worth $35,000 after buying an additional 130 shares during the last quarter. Burt Wealth Advisors grew its stake in SPDR Gold Shares by 800.0% during the first quarter. Burt Wealth Advisors now owns 315 shares of the exchange traded fund’s stock worth $38,000 after buying an additional 280 shares during the last quarter. Finally, Icon Wealth Partners LLC bought a new stake in SPDR Gold Shares during the first quarter worth about $47,000.
SPDR Gold Shares stock traded down $0.92 during trading hours on Friday, hitting $142.78. 11,728,800 shares of the stock were exchanged, compared to its average volume of 8,924,931. SPDR Gold Shares has a 12 month low of $111.38 and a 12 month high of $144.02. The business’s 50-day moving average is $135.49 and its two-hundred day moving average is $126.53.
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).
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