Capital Wealth Planning LLC Cuts Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Capital Wealth Planning LLC decreased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 41.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,771 shares of the exchange traded fund’s stock after selling 9,151 shares during the quarter. Capital Wealth Planning LLC’s holdings in SPDR Gold Shares were worth $2,746,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Triad Wealth Partners LLC purchased a new stake in SPDR Gold Shares during the 2nd quarter worth about $25,000. Frazier Financial Advisors LLC purchased a new position in shares of SPDR Gold Shares in the 4th quarter valued at about $26,000. Northwest Investment Counselors LLC purchased a new position in shares of SPDR Gold Shares in the 1st quarter valued at about $26,000. Gold Investment Management Ltd. purchased a new position in shares of SPDR Gold Shares in the 4th quarter valued at about $27,000. Finally, Private Ocean LLC increased its holdings in shares of SPDR Gold Shares by 155.1% in the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 1.0 %

GLD opened at $238.68 on Monday. SPDR Gold Shares has a one year low of $168.30 and a one year high of $238.98. The business’s 50-day simple moving average is $227.10 and its 200-day simple moving average is $217.61.

SPDR Gold Shares Company 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).