SPDR Gold Shares $GLD Shares Sold by Sound Income Strategies LLC

Sound Income Strategies LLC reduced its stake in SPDR Gold Shares (NYSEARCA:GLD) by 38.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 8,226 shares of the exchange traded fund’s stock after selling 5,036 shares during the quarter. Sound Income Strategies LLC’s holdings in SPDR Gold Shares were worth $2,507,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in GLD. Jackson Grant Investment Advisers Inc. increased its stake in SPDR Gold Shares by 6.3% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 1,937 shares of the exchange traded fund’s stock worth $590,000 after buying an additional 114 shares during the period. Capital Insight Partners LLC lifted its holdings in SPDR Gold Shares by 8.8% during the 2nd quarter. Capital Insight Partners LLC now owns 2,061 shares of the exchange traded fund’s stock worth $628,000 after buying an additional 167 shares in the last quarter. First County Bank CT lifted its holdings in SPDR Gold Shares by 5.7% during the 2nd quarter. First County Bank CT now owns 740 shares of the exchange traded fund’s stock worth $226,000 after buying an additional 40 shares in the last quarter. Global Trust Asset Management LLC lifted its holdings in SPDR Gold Shares by 11.4% during the 2nd quarter. Global Trust Asset Management LLC now owns 1,114 shares of the exchange traded fund’s stock worth $340,000 after buying an additional 114 shares in the last quarter. Finally, Independence Bank of Kentucky lifted its holdings in SPDR Gold Shares by 219.8% during the 2nd quarter. Independence Bank of Kentucky now owns 7,913 shares of the exchange traded fund’s stock worth $2,412,000 after buying an additional 5,439 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Up 0.6%

SPDR Gold Shares stock opened at $346.74 on Monday. The firm has a market cap of $115.60 billion, a PE ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 52-week low of $236.13 and a 52-week high of $348.75. The company’s 50 day moving average is $320.20 and its two-hundred day moving average is $307.23.

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).