Cadent Capital Advisors LLC Decreases Stake in SPDR Gold Shares (NYSEARCA:GLD)

Cadent Capital Advisors LLC reduced its position in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 2.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,153 shares of the exchange traded fund’s stock after selling 133 shares during the period. Cadent Capital Advisors LLC’s holdings in SPDR Gold Shares were worth $1,060,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Marshall & Sullivan Inc. WA purchased a new stake in shares of SPDR Gold Shares in the first quarter worth about $206,000. Aprio Wealth Management LLC purchased a new stake in shares of SPDR Gold Shares in the first quarter worth about $1,282,000. Park Avenue Securities LLC lifted its position in shares of SPDR Gold Shares by 11.0% in the first quarter. Park Avenue Securities LLC now owns 42,948 shares of the exchange traded fund’s stock worth $8,835,000 after buying an additional 4,245 shares in the last quarter. Legacy Financial Group LLC bought a new stake in SPDR Gold Shares during the first quarter worth approximately $253,000. Finally, American National Bank increased its stake in SPDR Gold Shares by 50.0% during the first quarter. American National Bank now owns 150 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 50 shares during the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Down 1.5 %

NYSEARCA GLD traded down $3.38 during trading hours on Friday, hitting $214.78. 8,935,399 shares of the company were exchanged, compared to its average volume of 4,934,925. The stock has a 50-day moving average price of $216.81 and a 200 day moving average price of $201.71. SPDR Gold Shares has a 52 week low of $168.30 and a 52 week high of $225.66.

SPDR Gold Shares Profile

(Free Report)

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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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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