Valley Wealth Managers Inc. Sells 95 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Valley Wealth Managers Inc. lowered its stake in SPDR Gold Shares (NYSEARCA:GLD) by 30.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 217 shares of the exchange traded fund’s stock after selling 95 shares during the period. Valley Wealth Managers Inc.’s holdings in SPDR Gold Shares were worth $53,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Triad Wealth Partners LLC bought a new stake in shares of SPDR Gold Shares during the 2nd quarter valued at about $25,000. Semmax Financial Advisors Inc. raised its stake in SPDR Gold Shares by 78.7% in 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 in the last quarter. Private Ocean LLC lifted its holdings in SPDR Gold Shares by 155.1% in 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. Ashton Thomas Securities LLC bought a new stake in SPDR Gold Shares during the 3rd quarter valued at approximately $28,000. Finally, Chris Bulman Inc bought a new stake in SPDR Gold Shares during the 2nd quarter valued at approximately $29,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD opened at $236.60 on Friday. The stock has a 50 day moving average price of $244.95 and a 200-day moving average price of $229.41. SPDR Gold Shares has a 52-week low of $182.23 and a 52-week high of $257.71.

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).