Fisher Asset Management Cuts Stake in SPDR Gold Shares by 44.7%

Fisher Asset Management LLC has reduced its investment in the SPDR Gold Shares (NYSEARCA:GLD) by **44.7%** during the second quarter, according to its latest Form 13F filing with the **U.S. Securities and Exchange Commission (SEC)**. The institutional investor now holds **5,442 shares** of the exchange-traded fund (ETF) after selling **4,403 shares** in the quarter. As of the end of the reporting period, Fisher’s stake in SPDR Gold Shares is valued at approximately **$1.66 million**.

Several other institutional investors have also adjusted their positions in SPDR Gold Shares recently. **Stone House Investment Management LLC** acquired a new position in the ETF during the first quarter, amounting to **$34,000**. Similarly, **Traub Capital Management LLC** entered the market with a new stake in the second quarter, also valued at about **$34,000**.

In the same vein, **Legacy Wealth Management LLC ID** increased its holdings in SPDR Gold Shares by **51.1%** during the first quarter, bringing their total to **136 shares** worth **$39,000** after acquiring an additional **46 shares**. **First Command Advisory Services Inc.** purchased a new position in the ETF in the second quarter, valued at approximately **$43,000**. Additionally, **Decker Retirement Planning Inc.** saw a significant increase in its holdings, growing by **358.8%** during the second quarter, now owning **156 shares** worth **$48,000** after buying another **122 shares**.

Institutional investors currently own **42.19%** of SPDR Gold Shares, indicating a strong interest in this investment vehicle.

SPDR Gold Shares Stock Performance

As of the latest trading session, SPDR Gold Shares opened at **$386.44**. The ETF boasts a market capitalization of **$139.85 billion** and a price-to-earnings ratio of **-32.43**, with a beta value of **0.09**. The stock’s **50-day moving average** price stands at **$374.98**, while the **200-day moving average** price is **$335.41**. Over the past year, SPDR Gold Shares has experienced a **52-week low** of **$238.73** and a **52-week high** of **$403.30**.

The SPDR Gold Trust aims to reflect the performance of gold bullion prices, minus its operational expenses. The trust actively manages its shares by creating and redeeming them periodically, typically in blocks of **100,000 shares**.

Investors continue to keep a close eye on SPDR Gold Shares as gold remains a key component of many investment portfolios, especially in times of economic uncertainty.