SPDR Gold Shares (NYSEARCA:GLD) Stock Position Lessened by Aspen Investment Management Inc

Aspen Investment Management Inc reduced its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 47.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,837 shares of the exchange traded fund’s stock after selling 5,320 shares during the quarter. Aspen Investment Management Inc’s holdings in SPDR Gold Shares were worth $1,413,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Advyzon Investment Management LLC bought a new stake in SPDR Gold Shares during the fourth quarter worth approximately $225,000. WealthBridge Capital Management LLC increased its position in shares of SPDR Gold Shares by 3.1% during the 4th quarter. WealthBridge Capital Management LLC now owns 20,783 shares of the exchange traded fund’s stock valued at $5,032,000 after purchasing an additional 633 shares during the period. Wealth Alliance raised its stake in shares of SPDR Gold Shares by 4.1% in the 4th quarter. Wealth Alliance now owns 2,559 shares of the exchange traded fund’s stock worth $620,000 after buying an additional 100 shares in the last quarter. Cumberland Partners Ltd lifted its holdings in shares of SPDR Gold Shares by 6.3% in the fourth quarter. Cumberland Partners Ltd now owns 11,785 shares of the exchange traded fund’s stock valued at $2,854,000 after buying an additional 700 shares during the period. Finally, Ieq Capital LLC boosted its stake in SPDR Gold Shares by 7.2% during the fourth quarter. Ieq Capital LLC now owns 36,853 shares of the exchange traded fund’s stock valued at $8,923,000 after buying an additional 2,480 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.1 %

NYSEARCA:GLD opened at $270.99 on Friday. The business’s 50-day moving average price is $252.48 and its 200 day moving average price is $244.82. SPDR Gold Shares has a 52-week low of $187.05 and a 52-week high of $271.84.

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).