Baker Tilly Wealth Management LLC Has $4.90 Million Stake in SPDR Gold Shares (NYSEARCA:GLD)

Baker Tilly Wealth Management LLC cut its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 1.4% during the third quarter, Holdings Channel reports. The institutional investor owned 20,161 shares of the exchange traded fund’s stock after selling 288 shares during the quarter. SPDR Gold Shares makes up approximately 2.2% of Baker Tilly Wealth Management LLC’s investment portfolio, making the stock its 8th biggest position. Baker Tilly Wealth Management LLC’s holdings in SPDR Gold Shares were worth $4,900,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Romano Brothers AND Company grew its position in shares of SPDR Gold Shares by 1.0% in the 3rd quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock worth $1,002,000 after buying an additional 40 shares during the period. Delta Financial Group Inc. grew its position in SPDR Gold Shares by 1.2% during the 3rd quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock valued at $849,000 after purchasing an additional 41 shares during the last quarter. Compton Wealth Advisory Group LLC grew its position in SPDR Gold Shares by 3.2% during the 3rd quarter. Compton Wealth Advisory Group LLC now owns 1,409 shares of the exchange traded fund’s stock valued at $342,000 after purchasing an additional 44 shares during the last quarter. Ballast Inc. grew its position in SPDR Gold Shares by 3.6% during the 2nd quarter. Ballast Inc. now owns 1,295 shares of the exchange traded fund’s stock valued at $278,000 after purchasing an additional 45 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its position in 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 purchasing an additional 45 shares during the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

Shares of GLD stock opened at $252.31 on Monday. SPDR Gold Shares has a one year low of $179.11 and a one year high of $253.94. The company’s 50-day moving average is $240.12 and its 200 day moving average is $226.43.

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).