Orgel Wealth Management LLC Cuts Position in SPDR Gold Shares (NYSEARCA:GLD)

Orgel Wealth Management LLC decreased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 6.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,264 shares of the exchange traded fund’s stock after selling 236 shares during the quarter. Orgel Wealth Management LLC’s holdings in SPDR Gold Shares were worth $793,000 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 the stock. Delta Financial Group Inc. raised its stake in SPDR Gold Shares by 1.2% in the 3rd quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock valued at $849,000 after purchasing an additional 41 shares during the last quarter. Compton Wealth Advisory Group LLC increased its position in SPDR Gold Shares by 3.2% during the 3rd quarter. Compton Wealth Advisory Group LLC now owns 1,409 shares of the exchange traded fund’s stock worth $342,000 after purchasing an additional 44 shares in the last quarter. Ballast Inc. increased its position in SPDR Gold Shares by 3.6% during the 2nd quarter. Ballast Inc. now owns 1,295 shares of the exchange traded fund’s stock worth $278,000 after purchasing an additional 45 shares in the last quarter. Sunbelt Securities Inc. grew its position in SPDR Gold Shares by 2.2% in the second quarter. Sunbelt Securities Inc. now owns 2,116 shares of the exchange traded fund’s stock valued at $455,000 after acquiring an additional 45 shares in the last quarter. Finally, Peoples Bank KS grew its position in SPDR Gold Shares by 4.6% in the third quarter. Peoples Bank KS now owns 1,023 shares of the exchange traded fund’s stock valued at $249,000 after acquiring an additional 45 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 1.1 %

SPDR Gold Shares stock opened at $251.26 on Friday. The stock has a 50 day moving average of $237.71 and a 200-day moving average of $224.94. SPDR Gold Shares has a 52 week low of $179.11 and a 52 week high of $251.37.

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).