Moulton Wealth Management Inc. Decreases Stake in SPDR Gold Shares (NYSEARCA:GLD)

Moulton Wealth Management Inc. decreased its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 1.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 5,868 shares of the exchange traded fund’s stock after selling 75 shares during the quarter. SPDR Gold Shares accounts for approximately 1.2% of Moulton Wealth Management Inc.’s investment portfolio, making the stock its 20th largest holding. Moulton Wealth Management Inc.’s holdings in SPDR Gold Shares were worth $1,438,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Semmax Financial Advisors Inc. grew its stake in shares of SPDR Gold Shares by 78.7% in the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 48 shares in the last quarter. Triad Wealth Partners LLC purchased a new stake in shares of SPDR Gold Shares during the second quarter valued at approximately $25,000. Northwest Investment Counselors LLC acquired a new position in shares of SPDR Gold Shares during the first quarter worth $26,000. Private Ocean LLC boosted its stake in shares of SPDR Gold Shares by 155.1% in the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 76 shares during the period. Finally, Chris Bulman Inc acquired a new stake in SPDR Gold Shares during the 2nd quarter valued at $29,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 1.1 %

Shares of GLD stock opened at $251.26 on Friday. The company’s fifty day moving average price is $237.71 and its two-hundred day moving average price is $224.94. SPDR Gold Shares has a 12 month low of $179.11 and a 12 month high of $251.37.

SPDR Gold Shares Company 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).