Garrett Wealth Advisory Group LLC Sells 63 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Garrett Wealth Advisory Group LLC trimmed its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 5.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 1,095 shares of the exchange traded fund’s stock after selling 63 shares during the quarter. Garrett Wealth Advisory Group LLC’s holdings in SPDR Gold Shares were worth $316,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp purchased a new stake in shares of SPDR Gold Shares during the 4th quarter valued at about $26,000. Columbia River Financial Group LLC purchased a new stake in shares of SPDR Gold Shares during the 1st quarter valued at about $34,000. HWG Holdings LP purchased a new stake in shares of SPDR Gold Shares during the 1st quarter valued at about $53,000. American National Bank & Trust boosted its holdings in shares of SPDR Gold Shares by 189.4% during the 1st quarter. American National Bank & Trust now owns 191 shares of the exchange traded fund’s stock valued at $55,000 after acquiring an additional 125 shares during the last quarter. Finally, Inlight Wealth Management LLC purchased a new stake in shares of SPDR Gold Shares during the 1st quarter valued at about $55,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 0.1%

Shares of NYSEARCA GLD opened at $307.37 on Tuesday. The firm’s 50-day moving average price is $306.13 and its 200-day moving average price is $282.24. The company has a market cap of $101.68 billion, a PE ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 52-week low of $217.27 and a 52-week high of $317.63.

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).