Stephens Consulting LLC reduced its holdings in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 28.4% in the 4th quarter, Holdings Channel reports. The fund owned 2,020 shares of the exchange traded fund’s stock after selling 803 shares during the period. Stephens Consulting LLC’s holdings in SPDR Gold Shares were worth $489,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in GLD. Ashton Thomas Securities LLC bought a new stake in shares of SPDR Gold Shares in the 3rd quarter valued at approximately $28,000. Capital Performance Advisors LLP bought a new position in shares of SPDR Gold Shares in the 3rd quarter valued at approximately $35,000. Pittenger & Anderson Inc. acquired a new stake in SPDR Gold Shares in the 3rd quarter worth approximately $38,000. Sugarloaf Wealth Management LLC boosted its position in SPDR Gold Shares by 78.9% during the third quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 71 shares during the period. Finally, Maryland Capital Advisors Inc. acquired a new position in SPDR Gold Shares during the third quarter valued at approximately $40,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.
SPDR Gold Shares Trading Up 0.5 %
SPDR Gold Shares stock opened at $259.94 on Tuesday. SPDR Gold Shares has a 52 week low of $183.78 and a 52 week high of $261.39. The business’s 50-day simple moving average is $246.38 and its 200-day simple moving average is $240.80.
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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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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