Sterling Investment Counsel LLC Trims Stake in SPDR Gold Shares $GLD

Sterling Investment Counsel LLC lowered its stake in SPDR Gold Shares (NYSEARCA:GLD) by 29.2% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 848 shares of the exchange traded fund’s stock after selling 349 shares during the quarter. Sterling Investment Counsel LLC’s holdings in SPDR Gold Shares were worth $258,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Quattro Financial Advisors LLC purchased a new stake in SPDR Gold Shares in the 2nd quarter valued at approximately $5,031,000. Hilltop National Bank purchased a new position in shares of SPDR Gold Shares during the 2nd quarter worth $1,210,000. Triad Wealth Partners LLC purchased a new position in shares of SPDR Gold Shares during the 2nd quarter worth $524,000. TFG Advisers LLC lifted its stake in shares of SPDR Gold Shares by 6.1% during the 2nd quarter. TFG Advisers LLC now owns 1,578 shares of the exchange traded fund’s stock worth $481,000 after purchasing an additional 91 shares during the period. Finally, J2 Capital Management Inc lifted its stake in shares of SPDR Gold Shares by 12.5% during the 2nd quarter. J2 Capital Management Inc now owns 5,759 shares of the exchange traded fund’s stock worth $1,756,000 after purchasing an additional 641 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.3%

Shares of SPDR Gold Shares stock opened at $354.79 on Friday. SPDR Gold Shares has a fifty-two week low of $236.13 and a fifty-two week high of $358.67. The firm has a market cap of $125.49 billion, a PE ratio of -32.43 and a beta of 0.15. The business’s fifty day moving average is $323.54 and its two-hundred day moving average is $308.97.

SPDR Gold Shares 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).