SPDR Gold Shares (NYSEARCA:GLD) Position Trimmed by Olympus Wealth Management LLC

Olympus Wealth Management LLC trimmed its stake in SPDR Gold Shares (NYSEARCA:GLD) by 1.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,667 shares of the exchange traded fund’s stock after selling 793 shares during the quarter. SPDR Gold Shares accounts for 3.9% of Olympus Wealth Management LLC’s portfolio, making the stock its 7th largest position. Olympus Wealth Management LLC’s holdings in SPDR Gold Shares were worth $11,586,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC raised its stake in shares of SPDR Gold Shares by 21,571.1% during the 3rd quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock worth $735,169,000 after purchasing an additional 3,010,682 shares in the last quarter. Toronto Dominion Bank increased its holdings in SPDR Gold Shares by 23.6% in the first quarter. Toronto Dominion Bank now owns 5,649,510 shares of the exchange traded fund’s stock worth $1,162,217,000 after buying an additional 1,079,452 shares during the last quarter. Arizona PSPRS Trust bought a new position in SPDR Gold Shares during the second quarter valued at approximately $157,187,000. Cetera Investment Advisers lifted its stake in SPDR Gold Shares by 461.0% in the first quarter. Cetera Investment Advisers now owns 702,415 shares of the exchange traded fund’s stock valued at $144,501,000 after acquiring an additional 577,210 shares during the last quarter. Finally, Strategic Financial Concepts LLC lifted its stake in SPDR Gold Shares by 9,654.6% in the second quarter. Strategic Financial Concepts LLC now owns 550,450 shares of the exchange traded fund’s stock valued at $1,184,000 after acquiring an additional 544,807 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $252.47 on Friday. The company’s fifty day moving average is $242.43 and its 200-day moving average is $227.60. SPDR Gold Shares has a 12 month low of $179.11 and a 12 month high of $257.71.

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).