Main Street Group LTD Has $967,000 Position in SPDR Gold Shares (NYSEARCA:GLD)

Main Street Group LTD cut its stake in SPDR Gold Shares (NYSEARCA:GLD) by 9.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,488 shares of the exchange traded fund’s stock after selling 475 shares during the period. SPDR Gold Shares makes up about 0.4% of Main Street Group LTD’s portfolio, making the stock its 23rd biggest holding. Main Street Group LTD’s holdings in SPDR Gold Shares were worth $967,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of the stock. Triad Wealth Partners LLC acquired a new position in SPDR Gold Shares in the second quarter valued at about $25,000. Frazier Financial Advisors LLC acquired a new stake in SPDR Gold Shares during the fourth quarter worth about $26,000. Northwest Investment Counselors LLC bought a new position in SPDR Gold Shares in the 1st quarter valued at about $26,000. Gold Investment Management Ltd. acquired a new position in shares of SPDR Gold Shares in the 4th quarter valued at approximately $27,000. Finally, Private Ocean LLC lifted its holdings in shares of SPDR Gold Shares by 155.1% during the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 76 shares during the period. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD traded down $1.72 during trading hours on Friday, hitting $230.63. 6,315,824 shares of the stock were exchanged, compared to its average volume of 7,086,725. SPDR Gold Shares has a 1-year low of $168.30 and a 1-year high of $234.01. The company’s fifty day simple moving average is $225.43 and its two-hundred day simple moving average is $215.59.

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).