Brogan Financial Inc. Reduces Holdings in SPDR Gold Shares $GLD

Brogan Financial Inc. reduced its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 11.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,619 shares of the exchange traded fund’s stock after selling 200 shares during the period. SPDR Gold Shares comprises 0.2% of Brogan Financial Inc.’s portfolio, making the stock its 29th largest holding. Brogan Financial Inc.’s holdings in SPDR Gold Shares were worth $494,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. bought a new position in SPDR Gold Shares in the 1st quarter worth $30,000. Stone House Investment Management LLC purchased a new stake in SPDR Gold Shares in the first quarter worth about $34,000. Legacy Wealth Managment LLC ID increased its position in SPDR Gold Shares by 51.1% in the first quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 46 shares in the last quarter. First Command Advisory Services Inc. bought a new position in shares of SPDR Gold Shares in the second quarter worth about $43,000. Finally, Decker Retirement Planning Inc. lifted its position in shares of SPDR Gold Shares by 358.8% during the 2nd quarter. Decker Retirement Planning Inc. now owns 156 shares of the exchange traded fund’s stock valued at $48,000 after buying an additional 122 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 1.6%

Shares of NYSEARCA:GLD opened at $385.99 on Thursday. The stock has a 50 day moving average of $360.34 and a 200 day moving average of $326.28. The company has a market cap of $139.69 billion, a PE ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 12-month low of $236.13 and a 12-month high of $403.30.

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).