WESPAC Advisors LLC Sells 1,843 Shares of SPDR Gold Shares $GLD

WESPAC Advisors LLC cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 51.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,733 shares of the exchange traded fund’s stock after selling 1,843 shares during the period. WESPAC Advisors LLC’s holdings in SPDR Gold Shares were worth $528,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GLD. MJT & Associates Financial Advisory Group Inc. bought a new stake in SPDR Gold Shares during the first quarter worth $30,000. Columbia River Financial Group LLC bought a new stake in SPDR Gold Shares during the first quarter worth $34,000. Stone House Investment Management LLC bought a new position in shares of SPDR Gold Shares in the 1st quarter valued at $34,000. Legacy Wealth Managment LLC ID lifted its stake in shares of 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 valued at $39,000 after acquiring an additional 46 shares during the last quarter. Finally, HWG Holdings LP bought a new position in shares of SPDR Gold Shares in the 1st quarter valued at $53,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $366.26 on Wednesday. SPDR Gold Shares has a 52 week low of $236.13 and a 52 week high of $367.27. The stock has a market capitalization of $130.32 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. The stock has a fifty day moving average of $326.92 and a 200-day moving average of $310.89.

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).