Weaver Capital Management LLC lessened its stake in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 6.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,443 shares of the exchange traded fund’s stock after selling 386 shares during the quarter. Weaver Capital Management LLC’s holdings in SPDR Gold Shares were worth $1,318,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new position in shares of SPDR Gold Shares during the 3rd quarter valued at $28,000. Capital Performance Advisors LLP purchased a new stake in SPDR Gold Shares during the 3rd quarter worth $35,000. Pittenger & Anderson Inc. purchased a new stake in SPDR Gold Shares during the 3rd quarter worth $38,000. Sugarloaf Wealth Management LLC increased its stake 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 worth $39,000 after buying an additional 71 shares during the period. Finally, Maryland Capital Advisors Inc. purchased a new stake in SPDR Gold Shares during the 3rd quarter worth $40,000. Institutional investors and hedge funds own 42.19% of the company’s stock.
SPDR Gold Shares Stock Up 1.0 %
SPDR Gold Shares stock opened at $262.50 on Wednesday. SPDR Gold Shares has a 12-month low of $183.78 and a 12-month high of $262.54. The firm’s fifty day moving average price is $246.73 and its 200 day moving average price is $241.04.
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).
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