Weatherly Asset Management L. P. Reduces Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Weatherly Asset Management L. P. reduced its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,295 shares of the exchange traded fund’s stock after selling 509 shares during the quarter. Weatherly Asset Management L. P.’s holdings in SPDR Gold Shares were worth $3,718,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Triad Wealth Partners LLC acquired a new stake in shares of SPDR Gold Shares in the second quarter valued at approximately $25,000. Northwest Investment Counselors LLC acquired a new stake in SPDR Gold Shares during the 1st quarter worth $26,000. Private Ocean LLC boosted its stake in SPDR Gold Shares by 155.1% during the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 76 shares during the period. Frazier Financial Advisors LLC acquired a new position in SPDR Gold Shares in the fourth quarter valued at $26,000. Finally, Security National Bank acquired a new position in SPDR Gold Shares in the first quarter valued at $28,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

Shares of GLD traded down $1.66 during mid-day trading on Friday, hitting $231.29. 5,742,963 shares of the company’s stock were exchanged, compared to its average volume of 6,712,967. SPDR Gold Shares has a fifty-two week low of $168.30 and a fifty-two week high of $234.01. The business’s 50 day moving average is $223.79 and its two-hundred day moving average is $214.22.

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).