Chevy Chase Trust Holdings LLC Has $1.37 Million Stock Holdings in SPDR Gold Shares $GLD

Chevy Chase Trust Holdings LLC trimmed its position in SPDR Gold Shares (NYSEARCA:GLD) by 12.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,507 shares of the exchange traded fund’s stock after selling 622 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in SPDR Gold Shares were worth $1,374,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Primoris Wealth Advisors LLC grew its holdings in SPDR Gold Shares by 635.7% in the 2nd quarter. Primoris Wealth Advisors LLC now owns 14,067 shares of the exchange traded fund’s stock valued at $4,288,000 after buying an additional 12,155 shares in the last quarter. Stratos Wealth Advisors LLC lifted its position in shares of SPDR Gold Shares by 2.7% during the 2nd quarter. Stratos Wealth Advisors LLC now owns 57,261 shares of the exchange traded fund’s stock valued at $17,455,000 after acquiring an additional 1,496 shares during the period. Angeles Wealth Management LLC lifted its position in shares of SPDR Gold Shares by 30.5% during the 2nd quarter. Angeles Wealth Management LLC now owns 2,140 shares of the exchange traded fund’s stock valued at $652,000 after acquiring an additional 500 shares during the period. Empirical Asset Management LLC lifted its position in shares of SPDR Gold Shares by 3.7% during the 2nd quarter. Empirical Asset Management LLC now owns 10,207 shares of the exchange traded fund’s stock valued at $3,111,000 after acquiring an additional 366 shares during the period. Finally, TFC Financial Management Inc. lifted its position in shares of SPDR Gold Shares by 160.0% during the 2nd quarter. TFC Financial Management Inc. now owns 390 shares of the exchange traded fund’s stock valued at $119,000 after acquiring an additional 240 shares during the period. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $377.24 on Wednesday. The stock has a fifty day moving average price of $341.53 and a 200-day moving average price of $317.76. The company has a market cap of $136.33 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a fifty-two week low of $236.13 and a fifty-two week high of $403.30.

SPDR Gold Shares 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).