Secured Retirement Advisors LLC Has $259,000 Position in SPDR Gold Shares $GLD

Secured Retirement Advisors LLC reduced its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 26.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 850 shares of the exchange traded fund’s stock after selling 308 shares during the quarter. Secured Retirement Advisors LLC’s holdings in SPDR Gold Shares were worth $259,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in GLD. DAVENPORT & Co LLC lifted its holdings in SPDR Gold Shares by 105.3% during the 1st quarter. DAVENPORT & Co LLC now owns 45,496 shares of the exchange traded fund’s stock worth $13,109,000 after purchasing an additional 896,836 shares during the last quarter. 59 North Capital Management LP increased its stake in SPDR Gold Shares by 76.4% during the 1st quarter. 59 North Capital Management LP now owns 1,263,196 shares of the exchange traded fund’s stock worth $363,977,000 after acquiring an additional 547,018 shares during the period. OVERSEA CHINESE BANKING Corp Ltd increased its stake in shares of SPDR Gold Shares by 604.5% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 548,947 shares of the exchange traded fund’s stock valued at $158,174,000 after purchasing an additional 471,032 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in shares of SPDR Gold Shares during the 2nd quarter valued at $120,429,000. Finally, Raymond James Financial Inc. boosted its holdings in shares of SPDR Gold Shares by 11.0% during the 1st quarter. Raymond James Financial Inc. now owns 2,063,634 shares of the exchange traded fund’s stock valued at $594,616,000 after acquiring an additional 204,676 shares in the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Up 0.5%

Shares of GLD opened at $366.26 on Wednesday. The company has a market capitalization of $130.32 billion, a PE ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 12 month low of $236.13 and a 12 month high of $367.27. The stock’s 50-day moving average price is $326.92 and its two-hundred day moving average price is $310.89.

About SPDR Gold Shares

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).