SPDR Gold Shares (NYSEARCA:GLD) Stake Cut by Shearwater Capital LLC

Shearwater Capital LLC decreased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.7% in the 4th quarter, Holdings Channel reports. The firm owned 4,462 shares of the exchange traded fund’s stock after selling 173 shares during the quarter. SPDR Gold Shares comprises about 0.7% of Shearwater Capital LLC’s investment portfolio, making the stock its 17th biggest holding. Shearwater Capital LLC’s holdings in SPDR Gold Shares were worth $1,080,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Semmax Financial Advisors Inc. boosted its position in SPDR Gold Shares by 78.7% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 48 shares during the period. Ashton Thomas Securities LLC acquired a new stake in SPDR Gold Shares in the third quarter worth $28,000. Chris Bulman Inc bought a new stake in SPDR Gold Shares in the second quarter valued at $29,000. Capital Performance Advisors LLP acquired a new position in shares of SPDR Gold Shares during the third quarter valued at $35,000. Finally, Pittenger & Anderson Inc. acquired a new position in shares of SPDR Gold Shares during the third quarter valued at $38,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Up 0.4 %

Shares of SPDR Gold Shares stock traded up $0.94 during trading on Wednesday, hitting $245.50. 4,324,656 shares of the stock were exchanged, compared to its average volume of 4,828,032. The stock’s fifty day moving average is $244.48 and its 200 day moving average is $236.69. SPDR Gold Shares has a 12 month low of $183.78 and a 12 month high of $257.71.

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).