Retirement Financial Solutions LLC Sells 336 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Retirement Financial Solutions LLC lessened its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 7.5% during the 1st quarter, Holdings Channel reports. The firm owned 4,117 shares of the exchange traded fund’s stock after selling 336 shares during the period. SPDR Gold Shares comprises about 0.7% of Retirement Financial Solutions LLC’s portfolio, making the stock its 17th biggest holding. Retirement Financial Solutions LLC’s holdings in SPDR Gold Shares were worth $1,186,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Tallon Kerry Patrick purchased a new position in SPDR Gold Shares during the 4th quarter valued at $547,000. Ironwood Wealth Management LLC. lifted its holdings in shares of SPDR Gold Shares by 8.5% in the 4th quarter. Ironwood Wealth Management LLC. now owns 1,191 shares of the exchange traded fund’s stock worth $288,000 after buying an additional 93 shares during the period. Brighton Jones LLC lifted its holdings in shares of SPDR Gold Shares by 20.4% in the 4th quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock worth $2,723,000 after buying an additional 1,903 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in shares of SPDR Gold Shares in the 4th quarter worth $7,794,000. Finally, Life Planning Partners Inc purchased a new stake in shares of SPDR Gold Shares in the 4th quarter worth $6,625,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD opened at $316.29 on Friday. The business has a fifty day moving average price of $303.57 and a 200 day moving average price of $274.67. SPDR Gold Shares has a 1-year low of $212.12 and a 1-year high of $317.63. The stock has a market capitalization of $103.43 billion, a P/E ratio of -32.43 and a beta of 0.11.

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).