SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. lessened its stake in SPDR Gold Shares (NYSEARCA:GLD) by 30.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 76,332 shares of the exchange traded fund’s stock after selling 32,872 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in SPDR Gold Shares were worth $16,412,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. CMG Global Holdings LLC boosted its holdings in SPDR Gold Shares by 0.9% in the second quarter. CMG Global Holdings LLC now owns 11,760 shares of the exchange traded fund’s stock worth $2,529,000 after purchasing an additional 100 shares during the period. Regal Investment Advisors LLC lifted its position in shares of SPDR Gold Shares by 3.7% in the 2nd quarter. Regal Investment Advisors LLC now owns 18,396 shares of the exchange traded fund’s stock worth $3,955,000 after buying an additional 663 shares during the last quarter. Wellington Wealth Strategies LLC. acquired a new position in shares of SPDR Gold Shares in the 2nd quarter valued at about $406,000. Sunbelt Securities Inc. grew its position in shares of SPDR Gold Shares by 2.2% during the 2nd quarter. Sunbelt Securities Inc. now owns 2,116 shares of the exchange traded fund’s stock valued at $455,000 after buying an additional 45 shares during the last quarter. Finally, Granite FO LLC acquired a new stake in SPDR Gold Shares during the second quarter worth about $602,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD opened at $245.02 on Monday. The firm’s 50-day moving average price is $230.90 and its two-hundred day moving average price is $220.72. SPDR Gold Shares has a 52-week low of $168.30 and a 52-week high of $247.37.

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).