Crestmont Private Wealth LLC Has $357,000 Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Crestmont Private Wealth LLC lessened its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,475 shares of the exchange traded fund’s stock after selling 41 shares during the quarter. Crestmont Private Wealth LLC’s holdings in SPDR Gold Shares were worth $357,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Romano Brothers AND Company lifted its position in shares of SPDR Gold Shares by 1.0% during the 3rd quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock worth $1,002,000 after purchasing an additional 40 shares during the last quarter. Delta Financial Group Inc. increased its stake in SPDR Gold Shares by 1.2% during the third quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock valued at $849,000 after acquiring an additional 41 shares during the period. Spinnaker Trust increased its stake in SPDR Gold Shares by 1.1% during the third quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock valued at $956,000 after acquiring an additional 43 shares during the period. Compton Wealth Advisory Group LLC increased its stake in SPDR Gold Shares by 3.2% during the third quarter. Compton Wealth Advisory Group LLC now owns 1,409 shares of the exchange traded fund’s stock valued at $342,000 after acquiring an additional 44 shares during the period. Finally, Acorn Wealth Advisors LLC increased its stake in SPDR Gold Shares by 1.4% during the third quarter. Acorn Wealth Advisors LLC now owns 3,242 shares of the exchange traded fund’s stock valued at $788,000 after acquiring an additional 44 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $247.03 on Wednesday. SPDR Gold Shares has a 12-month low of $183.78 and a 12-month high of $257.71. The stock’s 50-day moving average price is $243.74 and its 200 day moving average price is $237.81.

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).