Bard Associates Inc. Trims Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Bard Associates Inc. cut its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 11.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,500 shares of the exchange traded fund’s stock after selling 200 shares during the period. Bard Associates Inc.’s holdings in SPDR Gold Shares were worth $365,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Connable Office Inc. raised its stake in SPDR Gold Shares by 7.5% in the third quarter. Connable Office Inc. now owns 1,611 shares of the exchange traded fund’s stock valued at $392,000 after purchasing an additional 113 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of SPDR Gold Shares by 39.8% during the 3rd quarter. CIBC Asset Management Inc now owns 3,986 shares of the exchange traded fund’s stock valued at $969,000 after buying an additional 1,134 shares in the last quarter. Cadence Wealth Management LLC lifted its holdings in shares of SPDR Gold Shares by 0.7% during the 3rd quarter. Cadence Wealth Management LLC now owns 63,470 shares of the exchange traded fund’s stock worth $15,427,000 after acquiring an additional 449 shares during the last quarter. OneDigital Investment Advisors LLC grew its position in SPDR Gold Shares by 2.3% in the third quarter. OneDigital Investment Advisors LLC now owns 31,039 shares of the exchange traded fund’s stock worth $7,544,000 after acquiring an additional 700 shares in the last quarter. Finally, Omnia Family Wealth LLC grew its position in SPDR Gold Shares by 0.8% in the third quarter. Omnia Family Wealth LLC now owns 65,710 shares of the exchange traded fund’s stock worth $15,971,000 after acquiring an additional 542 shares in the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Down 0.3 %

Shares of SPDR Gold Shares stock opened at $237.01 on Friday. SPDR Gold Shares has a 12 month low of $181.31 and a 12 month high of $257.71. The business’s 50-day moving average price is $244.74 and its 200-day moving average price is $229.21.

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).