Sicart Associates LLC Decreases Position in SPDR Gold Shares (NYSEARCA:GLD)

Sicart Associates LLC lowered its stake in SPDR Gold Shares (NYSEARCA:GLD) by 0.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 96,402 shares of the exchange traded fund’s stock after selling 170 shares during the quarter. SPDR Gold Shares comprises about 8.2% of Sicart Associates LLC’s holdings, making the stock its biggest position. Sicart Associates LLC’s holdings in SPDR Gold Shares were worth $23,431,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Semmax Financial Advisors Inc. grew 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 purchasing an additional 48 shares in the last quarter. Triad Wealth Partners LLC purchased a new position in SPDR Gold Shares during the 2nd quarter valued at approximately $25,000. Private Ocean LLC grew its holdings 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 valued at $27,000 after buying an additional 76 shares in the last quarter. Chris Bulman Inc purchased a new position in SPDR Gold Shares during the 2nd quarter valued at approximately $29,000. Finally, Sugarloaf Wealth Management LLC grew its holdings in SPDR Gold Shares by 78.9% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 71 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

NYSEARCA GLD traded up $2.57 during trading on Tuesday, hitting $255.90. 5,764,266 shares of the stock traded hands, compared to its average volume of 6,956,036. The firm has a 50-day simple moving average of $240.56 and a 200-day simple moving average of $226.66. SPDR Gold Shares has a 12-month low of $179.11 and a 12-month high of $256.10.

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).