SPDR Gold Shares $GLD Stake Trimmed by Lee Financial Co

by · The Cerbat Gem

Lee Financial Co reduced its position in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 0.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 77,869 shares of the exchange traded fund’s stock after selling 116 shares during the quarter. SPDR Gold Shares accounts for approximately 3.4% of Lee Financial Co’s holdings, making the stock its 7th biggest holding. Lee Financial Co’s holdings in SPDR Gold Shares were worth $23,737,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. purchased a new stake in SPDR Gold Shares in the 1st quarter worth about $30,000. Stone House Investment Management LLC purchased a new stake in SPDR Gold Shares in the 1st quarter worth about $34,000. Columbia River Financial Group LLC purchased a new stake in SPDR Gold Shares in the 1st quarter worth about $34,000. Legacy Wealth Managment LLC ID raised its position in SPDR Gold Shares by 51.1% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 46 shares during the period. Finally, HWG Holdings LP purchased a new stake in SPDR Gold Shares in the 1st quarter worth about $53,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD opened at $365.43 on Friday. The firm has a market cap of $129.29 billion, a PE ratio of -32.43 and a beta of 0.15. The firm’s 50 day simple moving average is $329.60 and its 200-day simple moving average is $311.92. SPDR Gold Shares has a one year low of $236.13 and a one year high of $373.57.

About SPDR Gold Shares

(Free Report)

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).

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