Brendel Financial Advisors LLC lowered its position in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 6.7% in the fourth quarter, HoldingsChannel reports. The firm owned 8,612 shares of the exchange traded fund’s stock after selling 614 shares during the period. Brendel Financial Advisors LLC’s holdings in SPDR Gold Shares were worth $2,085,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Semmax Financial Advisors Inc. grew its holdings in shares of SPDR Gold Shares by 78.7% in 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 during the period. Ashton Thomas Securities LLC acquired a new position in SPDR Gold Shares in the third quarter valued at about $28,000. Capital Performance Advisors LLP acquired a new position in SPDR Gold Shares in the third quarter valued at about $35,000. Pittenger & Anderson Inc. acquired a new position in SPDR Gold Shares in the third quarter valued at about $38,000. Finally, Sugarloaf Wealth Management LLC lifted its position in SPDR Gold Shares by 78.9% in the third quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 71 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Stock Up 0.5 %
NYSEARCA GLD opened at $247.03 on Wednesday. The firm’s 50-day moving average is $243.74 and its two-hundred day moving average is $237.81. SPDR Gold Shares has a 12 month low of $183.78 and a 12 month high of $257.71.
About SPDR Gold Shares
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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Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLD – Free Report).
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