Wealthgarden F.S. LLC Trims Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Wealthgarden F.S. LLC lowered its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 89.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,631 shares of the exchange traded fund’s stock after selling 38,120 shares during the quarter. SPDR Gold Shares comprises 1.0% of Wealthgarden F.S. LLC’s portfolio, making the stock its 29th largest position. Wealthgarden F.S. LLC’s holdings in SPDR Gold Shares were worth $1,121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of GLD. Stifel Financial Corp grew its stake in SPDR Gold Shares by 13.9% in the third quarter. Stifel Financial Corp now owns 822,531 shares of the exchange traded fund’s stock worth $199,924,000 after purchasing an additional 100,149 shares during the period. State Street Corp grew its position in shares of SPDR Gold Shares by 6.6% in the 3rd quarter. State Street Corp now owns 764,315 shares of the exchange traded fund’s stock worth $185,774,000 after buying an additional 47,507 shares during the period. US Bancorp DE grew its position in shares of SPDR Gold Shares by 0.5% in the 3rd quarter. US Bancorp DE now owns 691,648 shares of the exchange traded fund’s stock worth $168,112,000 after buying an additional 3,614 shares during the period. Rockefeller Capital Management L.P. grew its position in shares of SPDR Gold Shares by 4.9% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 665,498 shares of the exchange traded fund’s stock worth $161,670,000 after buying an additional 30,952 shares during the period. Finally, Strategic Financial Concepts LLC grew its position in shares of SPDR Gold Shares by 24,600.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 608,876 shares of the exchange traded fund’s stock worth $147,427,000 after buying an additional 606,411 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $270.74 on Friday. SPDR Gold Shares has a fifty-two week low of $187.05 and a fifty-two week high of $271.84. The firm’s 50-day simple moving average is $253.00 and its two-hundred day simple moving average is $245.32.

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).