Heritage Wealth Advisors Has $459,000 Stock Holdings in SPDR Gold Shares $GLD

Heritage Wealth Advisors reduced its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 50.3% in the 2nd quarter, Holdings Channel reports. The firm owned 1,504 shares of the exchange traded fund’s stock after selling 1,525 shares during the period. Heritage Wealth Advisors’ holdings in SPDR Gold Shares were worth $459,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in shares of SPDR Gold Shares by 20.4% during the 4th quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock valued at $2,723,000 after purchasing an additional 1,903 shares during the last quarter. Bison Wealth LLC increased its holdings in SPDR Gold Shares by 77.8% in the 4th quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock worth $1,438,000 after purchasing an additional 2,600 shares in the last quarter. Gallacher Capital Management LLC raised its position in SPDR Gold Shares by 6.6% in the first quarter. Gallacher Capital Management LLC now owns 997 shares of the exchange traded fund’s stock valued at $287,000 after purchasing an additional 62 shares during the last quarter. Ignite Planners LLC boosted its stake in shares of SPDR Gold Shares by 121.6% during the first quarter. Ignite Planners LLC now owns 3,850 shares of the exchange traded fund’s stock valued at $1,145,000 after purchasing an additional 2,113 shares in the last quarter. Finally, Financial Sense Advisors Inc. boosted its stake in shares of SPDR Gold Shares by 32.8% during the first quarter. Financial Sense Advisors Inc. now owns 6,795 shares of the exchange traded fund’s stock valued at $1,958,000 after purchasing an additional 1,679 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD opened at $374.35 on Wednesday. The company has a 50 day simple moving average of $363.91 and a 200 day simple moving average of $328.51. SPDR Gold Shares has a 1 year low of $238.73 and a 1 year high of $403.30. The firm has a market cap of $135.48 billion, a PE ratio of -32.43 and a beta of 0.09.

About SPDR Gold Shares

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).