Fourpath Capital Management LLC Decreases Position in SPDR Gold Shares (NYSEARCA:GLD)

Fourpath Capital Management LLC reduced its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,579 shares of the exchange traded fund’s stock after selling 1,389 shares during the period. SPDR Gold Shares accounts for about 1.9% of Fourpath Capital Management LLC’s portfolio, making the stock its 13th largest holding. Fourpath Capital Management LLC’s holdings in SPDR Gold Shares were worth $10,068,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in GLD. RDA Financial Network raised its holdings in SPDR Gold Shares by 1.8% in the 3rd quarter. RDA Financial Network now owns 5,064 shares of the exchange traded fund’s stock valued at $1,231,000 after acquiring an additional 88 shares during the last quarter. Advance Capital Management Inc. grew its position in shares of SPDR Gold Shares by 9.4% in the fourth quarter. Advance Capital Management Inc. now owns 3,683 shares of the exchange traded fund’s stock valued at $892,000 after purchasing an additional 316 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of SPDR Gold Shares in the third quarter valued at approximately $564,000. Beaird Harris Wealth Management LLC increased its holdings in shares of SPDR Gold Shares by 25.4% in the third quarter. Beaird Harris Wealth Management LLC now owns 2,051 shares of the exchange traded fund’s stock valued at $499,000 after purchasing an additional 416 shares during the last quarter. Finally, ORG Wealth Partners LLC purchased a new position in SPDR Gold Shares during the third quarter worth approximately $46,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

NYSEARCA GLD opened at $259.94 on Tuesday. SPDR Gold Shares has a fifty-two week low of $183.78 and a fifty-two week high of $261.39. The stock’s fifty day moving average is $246.38 and its two-hundred day moving average is $240.80.

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).