SMART Wealth LLC Trims Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

SMART Wealth LLC reduced its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 8.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,325 shares of the exchange traded fund’s stock after selling 814 shares during the quarter. SMART Wealth LLC’s holdings in SPDR Gold Shares were worth $2,258,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in GLD. International Assets Investment Management LLC boosted its position in SPDR Gold Shares by 21,571.1% during the 3rd quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock valued at $735,169,000 after acquiring an additional 3,010,682 shares in the last quarter. Stifel Financial Corp lifted its position in shares of SPDR Gold Shares by 13.9% during the third quarter. Stifel Financial Corp now owns 822,531 shares of the exchange traded fund’s stock valued at $199,924,000 after buying an additional 100,149 shares during the last quarter. State Street Corp grew its position in shares of SPDR Gold Shares by 6.6% in the 3rd quarter. State Street Corp now owns 764,315 shares of the exchange traded fund’s stock worth $185,774,000 after buying an additional 47,507 shares during the last quarter. US Bancorp DE raised its stake in shares of SPDR Gold Shares by 0.5% during the 3rd quarter. US Bancorp DE now owns 691,648 shares of the exchange traded fund’s stock worth $168,112,000 after acquiring an additional 3,614 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in SPDR Gold Shares by 4.9% during the third quarter. Rockefeller Capital Management L.P. now owns 665,498 shares of the exchange traded fund’s stock valued at $161,670,000 after acquiring an additional 30,952 shares during the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $263.43 on Friday. The company has a 50 day moving average of $247.54 and a two-hundred day moving average of $241.49. SPDR Gold Shares has a twelve month low of $183.78 and a twelve month high of $265.99.

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).