Smith Anglin Financial LLC reduced its stake in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 60.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 5,189 shares of the exchange traded fund’s stock after selling 8,084 shares during the period. Smith Anglin Financial LLC’s holdings in SPDR Gold Shares were worth $1,256,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Semmax Financial Advisors Inc. boosted its holdings in SPDR Gold Shares by 78.7% during the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 48 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of SPDR Gold Shares during the 3rd quarter worth approximately $28,000. Capital Performance Advisors LLP acquired a new stake in shares of SPDR Gold Shares in the 3rd quarter worth approximately $35,000. Pittenger & Anderson Inc. purchased a new position in SPDR Gold Shares in the 3rd quarter valued at approximately $38,000. Finally, Sugarloaf Wealth Management LLC grew its holdings in SPDR Gold Shares by 78.9% in the third quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 71 shares during the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.
SPDR Gold Shares Trading Up 0.6 %
SPDR Gold Shares stock opened at $248.51 on Wednesday. The firm’s 50-day simple moving average is $243.74 and its 200 day simple moving average is $237.81. SPDR Gold Shares has a 52 week low of $183.78 and a 52 week high of $257.71.
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).
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