Shearwater Capital LLC Decreases Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Shearwater Capital LLC decreased its position in SPDR Gold Shares (NYSEARCA:GLD) by 3.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,462 shares of the exchange traded fund’s stock after selling 173 shares during the quarter. SPDR Gold Shares accounts for about 0.7% of Shearwater Capital LLC’s investment portfolio, making the stock its 17th largest holding. Shearwater Capital LLC’s holdings in SPDR Gold Shares were worth $1,080,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Semmax Financial Advisors Inc. increased its holdings in SPDR Gold Shares by 78.7% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 48 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in SPDR Gold Shares in the third quarter valued at $28,000. Chris Bulman Inc acquired a new stake in SPDR Gold Shares in the second quarter valued at $29,000. Capital Performance Advisors LLP bought a new position in SPDR Gold Shares during the 3rd quarter valued at $35,000. Finally, Pittenger & Anderson Inc. acquired a new position in SPDR Gold Shares during the 3rd quarter worth $38,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

Shares of SPDR Gold Shares stock traded up $0.94 during trading on Wednesday, reaching $245.50. The company had a trading volume of 4,324,656 shares, compared to its average volume of 4,828,032. SPDR Gold Shares has a fifty-two week low of $183.78 and a fifty-two week high of $257.71. The firm’s fifty day moving average is $244.48 and its 200-day moving average is $236.69.

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).