RFG Advisory LLC reduced its position in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 22.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,173 shares of the exchange traded fund’s stock after selling 5,517 shares during the quarter. RFG Advisory LLC’s holdings in SPDR Gold Shares were worth $4,642,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GLD. Ashton Thomas Securities LLC bought a new position in shares of SPDR Gold Shares during the third quarter valued at about $28,000. Capital Performance Advisors LLP bought a new position in SPDR Gold Shares during the 3rd quarter valued at approximately $35,000. Pittenger & Anderson Inc. bought a new position in SPDR Gold Shares during the 3rd quarter valued at approximately $38,000. Sugarloaf Wealth Management LLC lifted its holdings in SPDR Gold Shares by 78.9% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 71 shares during the period. Finally, Maryland Capital Advisors Inc. bought a new stake in shares of SPDR Gold Shares in the 3rd quarter worth approximately $40,000. 42.19% of the stock is currently owned by institutional investors.
SPDR Gold Shares Price Performance
GLD opened at $254.07 on Friday. The stock’s 50 day moving average price is $244.59 and its 200-day moving average price is $239.07. SPDR Gold Shares has a 52-week low of $183.78 and a 52-week 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).
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