New Millennium Group LLC Decreases Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

New Millennium Group LLC reduced its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 26.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 237 shares of the exchange traded fund’s stock after selling 85 shares during the period. New Millennium Group LLC’s holdings in SPDR Gold Shares were worth $57,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Single Point Partners LLC acquired a new position in shares of SPDR Gold Shares in the 3rd quarter worth approximately $593,000. Delta Financial Group Inc. grew its holdings in SPDR Gold Shares by 1.2% during the 3rd quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock worth $849,000 after acquiring an additional 41 shares in the last quarter. Granite Bay Wealth Management LLC raised its holdings in shares of SPDR Gold Shares by 6.0% in the 3rd quarter. Granite Bay Wealth Management LLC now owns 10,041 shares of the exchange traded fund’s stock valued at $2,441,000 after purchasing an additional 566 shares in the last quarter. Capital Market Strategies LLC grew its stake in shares of SPDR Gold Shares by 5.5% during the third quarter. Capital Market Strategies LLC now owns 1,292 shares of the exchange traded fund’s stock worth $314,000 after purchasing an additional 67 shares in the last quarter. Finally, HBW Advisory Services LLC increased its holdings in SPDR Gold Shares by 22.5% in the third quarter. HBW Advisory Services LLC now owns 4,085 shares of the exchange traded fund’s stock valued at $993,000 after buying an additional 751 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD stock opened at $258.56 on Friday. SPDR Gold Shares has a fifty-two week low of $183.78 and a fifty-two week high of $259.99. The business has a 50 day moving average price of $246.21 and a 200 day moving average price of $240.38.

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).