Wallington Asset Management LLC Has $13.17 Million Position in SPDR Gold Shares (NYSEARCA:GLD)

Wallington Asset Management LLC reduced its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 54,183 shares of the exchange traded fund’s stock after selling 540 shares during the quarter. SPDR Gold Shares accounts for about 1.8% of Wallington Asset Management LLC’s investment portfolio, making the stock its 25th biggest holding. Wallington Asset Management LLC’s holdings in SPDR Gold Shares were worth $13,170,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of GLD. Triad Wealth Partners LLC acquired a new position in shares of SPDR Gold Shares during the second quarter worth about $25,000. Semmax Financial Advisors Inc. boosted its position in shares of SPDR Gold Shares by 78.7% during the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 48 shares during the period. Private Ocean LLC boosted its position in shares of SPDR Gold Shares by 155.1% during the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 76 shares during the period. Chris Bulman Inc acquired a new position in shares of SPDR Gold Shares during the second quarter worth about $29,000. Finally, Kathleen S. Wright Associates Inc. acquired a new position in shares of SPDR Gold Shares during the first quarter worth about $36,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Down 1.2 %

GLD opened at $250.87 on Thursday. SPDR Gold Shares has a 52-week low of $179.11 and a 52-week high of $253.94. The business’s 50-day simple moving average is $239.18 and its 200 day simple moving average is $225.85.

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).