SPDR Gold Shares $GLD Position Reduced by Lodestar Private Asset Management LLC

Lodestar Private Asset Management LLC trimmed its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,336 shares of the exchange traded fund’s stock after selling 447 shares during the quarter. Lodestar Private Asset Management LLC’s holdings in SPDR Gold Shares were worth $4,370,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in GLD. MJT & Associates Financial Advisory Group Inc. bought a new position in SPDR Gold Shares during the 1st quarter valued at $30,000. Columbia River Financial Group LLC bought a new position in SPDR Gold Shares during the 1st quarter valued at $34,000. Stone House Investment Management LLC bought a new position in SPDR Gold Shares during the 1st quarter valued at $34,000. Legacy Wealth Managment LLC ID boosted its stake in SPDR Gold Shares by 51.1% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 46 shares during the last quarter. Finally, HWG Holdings LP bought a new position in SPDR Gold Shares during the 1st quarter valued at $53,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

NYSEARCA GLD opened at $369.12 on Friday. SPDR Gold Shares has a 12 month low of $236.13 and a 12 month high of $373.57. The company has a market capitalization of $130.59 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. The company’s fifty day moving average price is $330.80 and its two-hundred day moving average price is $312.79.

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).