Hollow Brook Wealth Management LLC Reduces Position in SPDR Gold Shares (NYSEARCA:GLD)

Hollow Brook Wealth Management LLC reduced its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 4.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,145 shares of the exchange traded fund’s stock after selling 789 shares during the period. SPDR Gold Shares makes up 1.2% of Hollow Brook Wealth Management LLC’s holdings, making the stock its 28th biggest position. Hollow Brook Wealth Management LLC’s holdings in SPDR Gold Shares were worth $3,924,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. International Assets Investment Management LLC grew its holdings in SPDR Gold Shares by 21,571.1% in the 3rd quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock valued at $735,169,000 after buying an additional 3,010,682 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in SPDR Gold Shares by 2.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,128,933 shares of the exchange traded fund’s stock valued at $242,732,000 after purchasing an additional 28,683 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in shares of SPDR Gold Shares by 7.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 1,007,710 shares of the exchange traded fund’s stock valued at $216,668,000 after buying an additional 70,290 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in SPDR Gold Shares by 6.8% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 857,981 shares of the exchange traded fund’s stock valued at $184,474,000 after acquiring an additional 54,974 shares during the last quarter. Finally, Arizona PSPRS Trust acquired a new stake in SPDR Gold Shares during the second quarter worth $157,187,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD opened at $245.59 on Monday. SPDR Gold Shares has a 12-month low of $183.15 and a 12-month high of $257.71. The business has a 50-day moving average price of $246.53 and a 200 day moving average price of $231.64.

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).