SPDR Gold Shares $GLD Shares Sold by Horizon Wealth Management LLC

Horizon Wealth Management LLC decreased its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 44.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 46,157 shares of the exchange traded fund’s stock after selling 36,483 shares during the period. SPDR Gold Shares makes up approximately 2.5% of Horizon Wealth Management LLC’s investment portfolio, making the stock its 12th largest position. Horizon Wealth Management LLC’s holdings in SPDR Gold Shares were worth $14,070,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Raymond James Financial Inc. raised its holdings in SPDR Gold Shares by 11.0% in the 1st quarter. Raymond James Financial Inc. now owns 2,063,634 shares of the exchange traded fund’s stock valued at $594,616,000 after acquiring an additional 204,676 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of SPDR Gold Shares by 12.2% in the 1st quarter. Ameriprise Financial Inc. now owns 1,556,698 shares of the exchange traded fund’s stock valued at $450,902,000 after buying an additional 169,005 shares during the period. 59 North Capital Management LP grew its stake in shares of SPDR Gold Shares by 76.4% in the 1st quarter. 59 North Capital Management LP now owns 1,263,196 shares of the exchange traded fund’s stock valued at $363,977,000 after buying an additional 547,018 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of SPDR Gold Shares by 9.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,217,861 shares of the exchange traded fund’s stock valued at $350,914,000 after buying an additional 106,648 shares during the period. Finally, Commonwealth Equity Services LLC grew its stake in shares of SPDR Gold Shares by 16.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 1,141,703 shares of the exchange traded fund’s stock valued at $328,970,000 after buying an additional 161,638 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

SPDR Gold Shares stock opened at $363.00 on Thursday. The firm has a 50 day simple moving average of $349.20 and a 200-day simple moving average of $321.68. SPDR Gold Shares has a 1-year low of $236.13 and a 1-year high of $403.30. The stock has a market cap of $133.44 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09.

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).