Chesapeake Wealth Management Trims Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Chesapeake Wealth Management reduced its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,453 shares of the exchange traded fund’s stock after selling 50 shares during the quarter. Chesapeake Wealth Management’s holdings in SPDR Gold Shares were worth $594,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in GLD. International Assets Investment Management LLC boosted its holdings 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 valued at $735,169,000 after buying an additional 3,010,682 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of SPDR Gold Shares by 13.9% during the 3rd quarter. Stifel Financial Corp now owns 822,531 shares of the exchange traded fund’s stock valued at $199,924,000 after buying an additional 100,149 shares in the last quarter. State Street Corp boosted its holdings in shares of SPDR Gold Shares by 6.6% during the 3rd quarter. State Street Corp now owns 764,315 shares of the exchange traded fund’s stock valued at $185,774,000 after buying an additional 47,507 shares in the last quarter. US Bancorp DE boosted its holdings in shares of SPDR Gold Shares by 0.5% during the 3rd quarter. US Bancorp DE now owns 691,648 shares of the exchange traded fund’s stock valued at $168,112,000 after buying an additional 3,614 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of SPDR Gold Shares by 4.9% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 665,498 shares of the exchange traded fund’s stock valued at $161,670,000 after buying an additional 30,952 shares in the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $249.27 on Tuesday. SPDR Gold Shares has a 12 month low of $183.78 and a 12 month high of $257.71. The company’s fifty day moving average price is $243.85 and its 200-day moving average price is $238.51.

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).