Silver Oak Securities Incorporated decreased its stake in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 13.9% in the 4th quarter, Holdings Channel reports. The firm owned 17,587 shares of the exchange traded fund’s stock after selling 2,833 shares during the quarter. Silver Oak Securities Incorporated’s holdings in SPDR Gold Shares were worth $4,232,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. 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 position in SPDR Gold Shares during the third quarter worth $35,000. Pittenger & Anderson Inc. purchased a new stake in SPDR Gold Shares during the third quarter worth $38,000. 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. Finally, Maryland Capital Advisors Inc. acquired a new stake in SPDR Gold Shares in the third quarter valued at $40,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Stock Up 0.6 %
NYSEARCA:GLD opened at $264.13 on Thursday. SPDR Gold Shares has a 52-week low of $183.78 and a 52-week high of $265.99. The stock has a fifty day simple moving average of $247.54 and a 200-day simple moving average of $241.49.
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).
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Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLD – Free Report).
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