SeaCrest Wealth Management LLC Cuts Position in SPDR Gold Shares $GLD

SeaCrest Wealth Management LLC reduced its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 4.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,394 shares of the exchange traded fund’s stock after selling 716 shares during the period. SPDR Gold Shares accounts for about 0.5% of SeaCrest Wealth Management LLC’s portfolio, making the stock its 28th largest holding. SeaCrest Wealth Management LLC’s holdings in SPDR Gold Shares were worth $4,693,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC lifted its position in shares of SPDR Gold Shares by 20.4% during the fourth quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock worth $2,723,000 after purchasing an additional 1,903 shares during the last quarter. Bison Wealth LLC increased its position in shares of SPDR Gold Shares by 77.8% during the fourth quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock worth $1,438,000 after acquiring an additional 2,600 shares in the last quarter. First Heartland Consultants Inc. lifted its stake in shares of SPDR Gold Shares by 26.3% during the 4th quarter. First Heartland Consultants Inc. now owns 1,563 shares of the exchange traded fund’s stock worth $378,000 after buying an additional 325 shares during the last quarter. Novem Group bought a new stake in shares of SPDR Gold Shares during the 4th quarter valued at approximately $436,000. Finally, Cornerstone Advisory LLC acquired a new position in shares of SPDR Gold Shares during the 4th quarter valued at $293,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of GLD opened at $339.18 on Friday. The firm’s 50 day simple moving average is $316.45 and its 200 day simple moving average is $304.10. SPDR Gold Shares has a 1-year low of $236.13 and a 1-year high of $341.24. The company has a market capitalization of $113.08 billion, a P/E ratio of -32.43 and a beta of 0.15.

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).