Rye Brook Capital LLC Sells 300 Shares of SPDR Gold Shares $GLD

Rye Brook Capital LLC trimmed its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.3% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 12,600 shares of the exchange traded fund’s stock after selling 300 shares during the period. SPDR Gold Shares comprises about 4.0% of Rye Brook Capital LLC’s portfolio, making the stock its 7th biggest holding. Rye Brook Capital LLC’s holdings in SPDR Gold Shares were worth $3,841,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. MJT & Associates Financial Advisory Group Inc. bought a new stake in SPDR Gold Shares during the first quarter valued at about $30,000. Stone House Investment Management LLC bought a new stake in SPDR Gold Shares during the first quarter valued at about $34,000. Columbia River Financial Group LLC bought a new stake in SPDR Gold Shares during the first quarter valued at about $34,000. Legacy Wealth Managment LLC ID boosted its holdings in SPDR Gold Shares by 51.1% during the first quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 46 shares during the period. Finally, HWG Holdings LP bought a new stake in SPDR Gold Shares during the first quarter valued at about $53,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

GLD stock opened at $372.30 on Thursday. SPDR Gold Shares has a 52-week low of $236.13 and a 52-week high of $373.57. The company has a 50-day moving average of $328.35 and a two-hundred day moving average of $311.32. The stock has a market capitalization of $132.46 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15.

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).