OVERSEA CHINESE BANKING Corp Ltd Lowers Holdings in SPDR Gold Shares (NYSEARCA:GLD)

OVERSEA CHINESE BANKING Corp Ltd trimmed its position in SPDR Gold Shares (NYSEARCA:GLD) by 5.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,002 shares of the exchange traded fund’s stock after selling 1,755 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in SPDR Gold Shares were worth $7,778,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in GLD. Cozad Asset Management Inc. lifted its stake in shares of SPDR Gold Shares by 5.5% during the 1st quarter. Cozad Asset Management Inc. now owns 3,749 shares of the exchange traded fund’s stock worth $771,000 after purchasing an additional 195 shares during the last quarter. Koshinski Asset Management Inc. lifted its stake in shares of SPDR Gold Shares by 54.5% during the 1st quarter. Koshinski Asset Management Inc. now owns 22,261 shares of the exchange traded fund’s stock worth $4,580,000 after purchasing an additional 7,857 shares during the last quarter. Angeles Wealth Management LLC lifted its stake in shares of SPDR Gold Shares by 27.3% during the 1st quarter. Angeles Wealth Management LLC now owns 1,770 shares of the exchange traded fund’s stock worth $364,000 after purchasing an additional 380 shares during the last quarter. Tradewinds LLC. purchased a new stake in shares of SPDR Gold Shares during the 1st quarter worth $368,000. Finally, Fortis Capital Advisors LLC lifted its stake in shares of SPDR Gold Shares by 29.2% during the 1st quarter. Fortis Capital Advisors LLC now owns 3,434 shares of the exchange traded fund’s stock worth $706,000 after purchasing an additional 776 shares during the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Down 2.3 %

Shares of NYSEARCA:GLD opened at $242.14 on Tuesday. The business’s 50-day moving average is $244.18 and its 200 day moving average is $228.80. SPDR Gold Shares has a 1 year low of $179.11 and a 1 year 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).