Transcend Capital Advisors LLC Decreases Holdings in SPDR Gold Shares $GLD

Transcend Capital Advisors LLC reduced its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 10.8% during the second quarter, Holdings Channel.com reports. The fund owned 108,359 shares of the exchange traded fund’s stock after selling 13,061 shares during the quarter. SPDR Gold Shares accounts for 2.5% of Transcend Capital Advisors LLC’s investment portfolio, making the stock its 5th largest holding. Transcend Capital Advisors LLC’s holdings in SPDR Gold Shares were worth $33,031,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Principal Securities Inc. increased its stake in SPDR Gold Shares by 0.3% in the 1st quarter. Principal Securities Inc. now owns 10,301 shares of the exchange traded fund’s stock worth $2,968,000 after acquiring an additional 33 shares during the last quarter. TPG Advisors LLC lifted its stake in SPDR Gold Shares by 2.6% during the second quarter. TPG Advisors LLC now owns 1,291 shares of the exchange traded fund’s stock worth $394,000 after purchasing an additional 33 shares during the last quarter. Mather Group LLC. lifted its stake in SPDR Gold Shares by 1.8% during the second quarter. Mather Group LLC. now owns 1,946 shares of the exchange traded fund’s stock worth $593,000 after purchasing an additional 34 shares during the last quarter. Pinnacle Associates Ltd. lifted its stake in SPDR Gold Shares by 0.3% during the first quarter. Pinnacle Associates Ltd. now owns 11,762 shares of the exchange traded fund’s stock worth $3,389,000 after purchasing an additional 35 shares during the last quarter. Finally, FourThought Financial Partners LLC lifted its stake in SPDR Gold Shares by 3.5% during the first quarter. FourThought Financial Partners LLC now owns 1,036 shares of the exchange traded fund’s stock worth $299,000 after purchasing an additional 35 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Down 0.3%

Shares of GLD stock opened at $377.52 on Monday. The business has a 50-day moving average price of $345.72 and a two-hundred day moving average price of $320.15. SPDR Gold Shares has a 12-month low of $236.13 and a 12-month high of $403.30. The firm has a market cap of $138.78 billion, a P/E ratio of -32.43 and a beta of 0.15.

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).