Marshall Investment Management LLC Decreases Holdings in SPDR Gold Shares $GLD

Marshall Investment Management LLC lessened its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 90.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,341 shares of the exchange traded fund’s stock after selling 32,270 shares during the quarter. SPDR Gold Shares comprises about 4.8% of Marshall Investment Management LLC’s investment portfolio, making the stock its 8th largest position. Marshall Investment Management LLC’s holdings in SPDR Gold Shares were worth $1,018,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of GLD. American National Bank & Trust raised its stake in shares of SPDR Gold Shares by 52.4% in the 2nd quarter. American National Bank & Trust now owns 291 shares of the exchange traded fund’s stock valued at $89,000 after purchasing an additional 100 shares during the period. StrongBox Wealth LLC boosted its stake in shares of SPDR Gold Shares by 10.1% during the 2nd quarter. StrongBox Wealth LLC now owns 1,487 shares of the exchange traded fund’s stock worth $453,000 after buying an additional 136 shares during the last quarter. Beaumont Financial Advisors LLC increased its position in shares of SPDR Gold Shares by 6.5% in the second quarter. Beaumont Financial Advisors LLC now owns 3,509 shares of the exchange traded fund’s stock valued at $1,070,000 after acquiring an additional 215 shares during the last quarter. TD Private Client Wealth LLC raised its holdings in SPDR Gold Shares by 14.6% during the second quarter. TD Private Client Wealth LLC now owns 51,235 shares of the exchange traded fund’s stock worth $15,618,000 after acquiring an additional 6,540 shares in the last quarter. Finally, ST Germain D J Co. Inc. raised its position in SPDR Gold Shares by 151.5% during the second quarter. ST Germain D J Co. Inc. now owns 1,386 shares of the exchange traded fund’s stock worth $422,000 after acquiring an additional 835 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of GLD opened at $385.42 on Tuesday. The company has a market cap of $139.48 billion, a PE ratio of -32.43 and a beta of 0.09. The firm has a 50-day moving average of $375.64 and a 200-day moving average of $336.42. SPDR Gold Shares has a one year low of $238.73 and a one year 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).