WealthNavi Inc. Trims Stake in SPDR Gold Shares (NYSEARCA:GLD)

WealthNavi Inc. lessened its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 5.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 1,499,090 shares of the exchange traded fund’s stock after selling 83,832 shares during the quarter. SPDR Gold Shares makes up approximately 4.3% of WealthNavi Inc.’s investment portfolio, making the stock its 6th largest holding. WealthNavi Inc. owned approximately 0.47% of SPDR Gold Shares worth $267,243,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Physician Wealth Advisors Inc. lifted its holdings in SPDR Gold Shares by 4.2% in the first quarter. Physician Wealth Advisors Inc. now owns 1,330 shares of the exchange traded fund’s stock valued at $247,000 after buying an additional 54 shares during the period. Cyndeo Wealth Partners LLC boosted its position in shares of SPDR Gold Shares by 0.4% during the 1st quarter. Cyndeo Wealth Partners LLC now owns 12,362 shares of the exchange traded fund’s stock valued at $3,880,000 after purchasing an additional 55 shares in the last quarter. Pensionmark Financial Group LLC increased its holdings in SPDR Gold Shares by 1.1% in the first quarter. Pensionmark Financial Group LLC now owns 5,029 shares of the exchange traded fund’s stock worth $921,000 after purchasing an additional 55 shares in the last quarter. True Capital Management increased its holdings in SPDR Gold Shares by 3.3% in the first quarter. True Capital Management now owns 1,798 shares of the exchange traded fund’s stock worth $329,000 after purchasing an additional 57 shares in the last quarter. Finally, Independent Wealth Network Inc. lifted its stake in SPDR Gold Shares by 1.1% in the first quarter. Independent Wealth Network Inc. now owns 5,453 shares of the exchange traded fund’s stock valued at $999,000 after buying an additional 58 shares during the period. Institutional investors own 40.99% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD stock traded up $0.02 during trading hours on Thursday, hitting $177.10. 2,910,705 shares of the company were exchanged, compared to its average volume of 6,941,889. SPDR Gold Shares has a fifty-two week low of $150.57 and a fifty-two week high of $191.36. The company has a 50 day simple moving average of $179.31 and a two-hundred day simple moving average of $180.94.

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).