SPDR Gold Shares $GLD Shares Sold by L & S Advisors Inc

L & S Advisors Inc reduced its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 98.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,414 shares of the exchange traded fund’s stock after selling 76,343 shares during the period. L & S Advisors Inc’s holdings in SPDR Gold Shares were worth $431,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GLD. TPG Advisors LLC grew its stake in shares of SPDR Gold Shares by 2.6% during the 2nd quarter. TPG Advisors LLC now owns 1,291 shares of the exchange traded fund’s stock valued at $394,000 after buying an additional 33 shares during the period. Tsfg LLC increased its stake in shares of SPDR Gold Shares by 0.9% during the second quarter. Tsfg LLC now owns 3,623 shares of the exchange traded fund’s stock valued at $1,104,000 after acquiring an additional 33 shares during the period. Mather Group LLC. grew its position in SPDR Gold Shares by 1.8% in the second quarter. Mather Group LLC. now owns 1,946 shares of the exchange traded fund’s stock worth $593,000 after buying an additional 34 shares during the last quarter. Pinnacle Associates Ltd. raised its stake in SPDR Gold Shares by 0.3% during the 1st quarter. Pinnacle Associates Ltd. now owns 11,762 shares of the exchange traded fund’s stock valued at $3,389,000 after purchasing an additional 35 shares during the period. Finally, FourThought Financial Partners LLC grew its holdings in shares of SPDR Gold Shares by 3.5% during the 1st quarter. FourThought Financial Partners LLC now owns 1,036 shares of the exchange traded fund’s stock valued at $299,000 after acquiring an additional 35 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Down 1.8%

SPDR Gold Shares stock opened at $375.96 on Friday. The firm’s fifty day simple moving average is $362.36 and its 200-day simple moving average is $327.14. The company has a market capitalization of $136.06 billion, a P/E ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 1-year low of $236.33 and a 1-year high of $403.30.

SPDR Gold Shares 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).