SPDR Gold Shares $GLD Shares Sold by Williams & Novak LLC

Williams & Novak LLC decreased its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 2.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,724 shares of the exchange traded fund’s stock after selling 50 shares during the quarter. Williams & Novak LLC’s holdings in SPDR Gold Shares were worth $526,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in GLD. MJT & Associates Financial Advisory Group Inc. acquired a new position in SPDR Gold Shares in the 1st quarter worth approximately $30,000. Stone House Investment Management LLC acquired a new position in SPDR Gold Shares in the 1st quarter worth approximately $34,000. Columbia River Financial Group LLC acquired a new position in SPDR Gold Shares in the 1st quarter worth approximately $34,000. Legacy Wealth Managment LLC ID boosted its stake in SPDR Gold Shares by 51.1% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 46 shares during the period. Finally, HWG Holdings LP acquired a new position in SPDR Gold Shares in the 1st quarter worth approximately $53,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $369.12 on Friday. The company has a 50 day moving average price of $330.80 and a 200 day moving average price of $312.55. SPDR Gold Shares has a 52 week low of $236.13 and a 52 week high of $373.57. The firm has a market capitalization 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).