Confluence Wealth Services Inc. lessened its stake in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 2.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,251 shares of the exchange traded fund’s stock after selling 372 shares during the period. Confluence Wealth Services Inc.’s holdings in SPDR Gold Shares were worth $3,707,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently made changes to their positions in the company. Triad Wealth Partners LLC bought a new stake in SPDR Gold Shares in the 2nd quarter worth approximately $25,000. Semmax Financial Advisors Inc. raised its stake in SPDR Gold Shares by 78.7% during the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 48 shares in the last quarter. Private Ocean LLC lifted its position in SPDR Gold Shares by 155.1% during the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 76 shares during the last quarter. Chris Bulman Inc purchased a new position in shares of SPDR Gold Shares in the 2nd quarter worth $29,000. Finally, EdgeRock Capital LLC purchased a new position in shares of SPDR Gold Shares in the 2nd quarter worth $37,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Stock Performance
Shares of NYSEARCA GLD opened at $252.47 on Friday. SPDR Gold Shares has a 12-month low of $179.11 and a 12-month high of $257.71. The firm’s 50-day moving average price is $242.43 and its 200-day moving average price is $227.60.
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).
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