KFA Private Wealth Group LLC Sells 47 Shares of SPDR Gold Shares $GLD

KFA Private Wealth Group LLC cut its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 1.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,845 shares of the exchange traded fund’s stock after selling 47 shares during the period. KFA Private Wealth Group LLC’s holdings in SPDR Gold Shares were worth $1,172,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Cornerstone Wealth Management LLC increased its position in SPDR Gold Shares by 4.0% in the 1st quarter. Cornerstone Wealth Management LLC now owns 10,110 shares of the exchange traded fund’s stock worth $2,913,000 after buying an additional 388 shares during the period. American National Bank & Trust increased its position in SPDR Gold Shares by 52.4% during the second quarter. American National Bank & Trust now owns 291 shares of the exchange traded fund’s stock worth $89,000 after acquiring an additional 100 shares during the period. Marmo Financial Group LLC bought a new position in SPDR Gold Shares during the first quarter worth $218,000. StrongBox Wealth LLC increased its position in SPDR Gold Shares by 10.1% during the second quarter. StrongBox Wealth LLC now owns 1,487 shares of the exchange traded fund’s stock worth $453,000 after acquiring an additional 136 shares during the period. Finally, TD Private Client Wealth LLC increased its holdings in shares of SPDR Gold Shares by 14.6% during the 2nd quarter. TD Private Client Wealth LLC now owns 51,235 shares of the exchange traded fund’s stock worth $15,618,000 after purchasing an additional 6,540 shares during the period. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $369.12 on Friday. The firm’s 50-day moving average is $330.80 and its 200-day moving average is $312.55. SPDR Gold Shares has a 52-week low of $236.13 and a 52-week high of $373.57. The company has a market cap of $130.59 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15.

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).