SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Tcfg Wealth Management LLC

Tcfg Wealth Management LLC decreased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 4.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 3,428 shares of the exchange traded fund’s stock after selling 163 shares during the period. Tcfg Wealth Management LLC’s holdings in SPDR Gold Shares were worth $988,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Grant Private Wealth Management Inc acquired a new position in SPDR Gold Shares during the 1st quarter worth approximately $248,000. American Institute for Advanced Investment Management LLP increased its position in SPDR Gold Shares by 8.9% during the 1st quarter. American Institute for Advanced Investment Management LLP now owns 4,883 shares of the exchange traded fund’s stock worth $1,407,000 after purchasing an additional 400 shares during the period. Raub Brock Capital Management LP acquired a new stake in shares of SPDR Gold Shares in the 1st quarter worth approximately $449,000. Everpar Advisors LLC acquired a new stake in shares of SPDR Gold Shares in the 1st quarter worth approximately $205,000. Finally, CRA Financial Services LLC grew its holdings in shares of SPDR Gold Shares by 4.1% in the 1st quarter. CRA Financial Services LLC now owns 6,019 shares of the exchange traded fund’s stock worth $1,734,000 after acquiring an additional 239 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD opened at $316.29 on Friday. The stock has a market cap of $103.43 billion, a P/E ratio of -32.43 and a beta of 0.11. The stock’s 50 day simple moving average is $303.57 and its 200 day simple moving average is $274.89. SPDR Gold Shares has a 1-year low of $212.12 and a 1-year high of $317.63.

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).