Mayflower Financial Advisors LLC Lowers Holdings in SPDR Gold Shares $GLD

Mayflower Financial Advisors LLC lessened its stake in SPDR Gold Shares (NYSEARCA:GLD) by 1.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,997 shares of the exchange traded fund’s stock after selling 235 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in SPDR Gold Shares were worth $4,571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of GLD. Brighton Jones LLC raised its position in SPDR Gold Shares by 20.4% in the 4th quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock worth $2,723,000 after buying an additional 1,903 shares during the last quarter. Bison Wealth LLC raised its position in SPDR Gold Shares by 77.8% in the 4th quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock worth $1,438,000 after buying an additional 2,600 shares during the last quarter. GAMMA Investing LLC raised its position in SPDR Gold Shares by 226.0% in the 1st quarter. GAMMA Investing LLC now owns 577 shares of the exchange traded fund’s stock worth $166,000 after buying an additional 400 shares during the last quarter. Golden State Wealth Management LLC raised its position in SPDR Gold Shares by 3.9% in the 1st quarter. Golden State Wealth Management LLC now owns 13,683 shares of the exchange traded fund’s stock worth $3,943,000 after buying an additional 515 shares during the last quarter. Finally, Valley National Advisers Inc. raised its position in SPDR Gold Shares by 9.8% in the 1st quarter. Valley National Advisers Inc. now owns 436 shares of the exchange traded fund’s stock worth $125,000 after buying an additional 39 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD opened at $364.38 on Wednesday. SPDR Gold Shares has a fifty-two week low of $236.13 and a fifty-two week high of $403.30. The business has a 50-day simple moving average of $348.11 and a two-hundred day simple moving average of $321.23. The firm has a market cap of $133.95 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09.

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).