Mittelman Wealth Management Decreases Position in SPDR Gold Shares $GLD

Mittelman Wealth Management lowered its position in SPDR Gold Shares (NYSEARCA:GLD) by 20.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 813 shares of the exchange traded fund’s stock after selling 207 shares during the quarter. Mittelman Wealth Management’s holdings in SPDR Gold Shares were worth $248,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. American National Bank & Trust lifted its stake 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 valued at $89,000 after buying an additional 100 shares during the period. StrongBox Wealth LLC grew its stake in SPDR Gold Shares by 10.1% in the 2nd quarter. StrongBox Wealth LLC now owns 1,487 shares of the exchange traded fund’s stock worth $453,000 after acquiring an additional 136 shares during the period. Beaumont Financial Advisors LLC grew its stake in SPDR Gold Shares by 6.5% in the 2nd quarter. Beaumont Financial Advisors LLC now owns 3,509 shares of the exchange traded fund’s stock worth $1,070,000 after acquiring an additional 215 shares during the period. TD Private Client Wealth LLC raised its holdings in SPDR Gold Shares by 14.6% in the 2nd quarter. TD Private Client Wealth LLC now owns 51,235 shares of the exchange traded fund’s stock valued at $15,618,000 after acquiring an additional 6,540 shares during the last quarter. Finally, ST Germain D J Co. Inc. raised its holdings in SPDR Gold Shares by 151.5% in the 2nd quarter. ST Germain D J Co. Inc. now owns 1,386 shares of the exchange traded fund’s stock valued at $422,000 after acquiring an additional 835 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.8%

GLD stock opened at $382.87 on Friday. The stock has a market capitalization of $138.56 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 52-week low of $236.13 and a 52-week high of $403.30. The stock’s fifty day simple moving average is $361.47 and its 200-day simple moving average is $326.67.

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).