Whittier Trust Co. of Nevada Inc. Sells 1,512 Shares of SPDR Gold Shares $GLD

Whittier Trust Co. of Nevada Inc. lessened its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 9.7% during the second quarter, Holdings Channel.com reports. The institutional investor owned 14,135 shares of the exchange traded fund’s stock after selling 1,512 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in SPDR Gold Shares were worth $4,309,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of SPDR Gold Shares in the first quarter valued at approximately $30,000. Stone House Investment Management LLC bought a new position in shares of SPDR Gold Shares in the first quarter valued at approximately $34,000. Columbia River Financial Group LLC bought a new position in shares of SPDR Gold Shares in the first quarter valued at approximately $34,000. Legacy Wealth Managment LLC ID grew its holdings in shares of SPDR Gold Shares by 51.1% in 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 in the last quarter. Finally, Signature Resources Capital Management LLC grew its holdings in shares of SPDR Gold Shares by 146.7% in the second quarter. Signature Resources Capital Management LLC now owns 185 shares of the exchange traded fund’s stock valued at $56,000 after acquiring an additional 110 shares in the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Down 6.4%

GLD stock opened at $377.24 on Wednesday. The firm has a market cap of $136.33 billion, a PE ratio of -32.43 and a beta of 0.15. The business has a 50 day moving average of $341.53 and a 200-day moving average of $317.76. SPDR Gold Shares has a 12-month low of $236.13 and a 12-month high of $403.30.

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).