SPDR Gold Shares $GLD Stock Position Lowered by Balboa Wealth Partners

Balboa Wealth Partners lessened its position in SPDR Gold Shares (NYSEARCA:GLD) by 21.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,258 shares of the exchange traded fund’s stock after selling 5,405 shares during the period. SPDR Gold Shares makes up 1.2% of Balboa Wealth Partners’ holdings, making the stock its 16th largest position. Balboa Wealth Partners’ holdings in SPDR Gold Shares were worth $5,870,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. American National Bank & Trust raised its position in shares of 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 purchasing an additional 100 shares during the period. StrongBox Wealth LLC raised its position in shares of 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 purchasing an additional 136 shares during the period. TD Private Client Wealth LLC raised its position in shares of SPDR Gold Shares by 14.6% during the second 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. Beaumont Financial Advisors LLC raised its position in shares of SPDR Gold Shares by 6.5% during the second quarter. Beaumont Financial Advisors LLC now owns 3,509 shares of the exchange traded fund’s stock worth $1,070,000 after purchasing an additional 215 shares during the period. Finally, Mather Group LLC. raised its position in shares of SPDR Gold Shares by 1.8% during the second quarter. Mather Group LLC. now owns 1,946 shares of the exchange traded fund’s stock worth $593,000 after purchasing an additional 34 shares during the period. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Down 1.9%

Shares of SPDR Gold Shares stock opened at $388.99 on Monday. The stock’s fifty day moving average is $338.26 and its 200-day moving average is $316.48. The firm has a market capitalization of $138.95 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 $397.28.

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).