SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Patton Fund Management Inc.

Patton Fund Management Inc. decreased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 20.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 4,266 shares of the exchange traded fund’s stock after selling 1,111 shares during the quarter. Patton Fund Management Inc.’s holdings in SPDR Gold Shares were worth $1,033,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GLD. AQR Capital Management LLC boosted its holdings in SPDR Gold Shares by 4.2% during the second quarter. AQR Capital Management LLC now owns 94,939 shares of the exchange traded fund’s stock worth $20,413,000 after buying an additional 3,839 shares in the last quarter. Sunbelt Securities Inc. raised its position in shares of SPDR Gold Shares by 2.2% in the second quarter. Sunbelt Securities Inc. now owns 2,116 shares of the exchange traded fund’s stock worth $455,000 after acquiring an additional 45 shares during the period. EP Wealth Advisors LLC boosted its stake in shares of SPDR Gold Shares by 2.3% during the 2nd quarter. EP Wealth Advisors LLC now owns 40,533 shares of the exchange traded fund’s stock worth $8,715,000 after acquiring an additional 901 shares in the last quarter. Truist Financial Corp grew its position in shares of SPDR Gold Shares by 5.2% during the 2nd quarter. Truist Financial Corp now owns 442,987 shares of the exchange traded fund’s stock valued at $95,247,000 after acquiring an additional 22,095 shares during the period. Finally, Granite Bay Wealth Management LLC increased its stake in shares of SPDR Gold Shares by 366.3% in the 2nd quarter. Granite Bay Wealth Management LLC now owns 9,475 shares of the exchange traded fund’s stock valued at $2,037,000 after purchasing an additional 7,443 shares in the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Up 0.9 %

Shares of GLD stock opened at $255.18 on Wednesday. SPDR Gold Shares has a 1-year low of $183.78 and a 1-year high of $257.71. The stock has a 50 day simple moving average of $245.79 and a 200-day simple moving average of $240.16.

SPDR Gold Shares 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).