CRA Financial Services LLC Reduces Position in SPDR Gold Shares (NYSEARCA:GLD)

CRA Financial Services LLC decreased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 7.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 3,811 shares of the exchange traded fund’s stock after selling 326 shares during the quarter. CRA Financial Services LLC’s holdings in SPDR Gold Shares were worth $784,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. First Dallas Securities Inc. purchased a new stake in shares of SPDR Gold Shares in the third quarter valued at $309,000. Waverly Advisors LLC grew its position in shares of SPDR Gold Shares by 9.0% in the third quarter. Waverly Advisors LLC now owns 1,799 shares of the exchange traded fund’s stock valued at $309,000 after purchasing an additional 148 shares during the period. NCM Capital Management LLC grew its position in shares of SPDR Gold Shares by 25.0% in the third quarter. NCM Capital Management LLC now owns 2,050 shares of the exchange traded fund’s stock valued at $351,000 after purchasing an additional 410 shares during the period. Fairhaven Wealth Management LLC grew its position in shares of SPDR Gold Shares by 18.3% in the third quarter. Fairhaven Wealth Management LLC now owns 1,771 shares of the exchange traded fund’s stock valued at $304,000 after purchasing an additional 274 shares during the period. Finally, Glenmede Trust Co. NA grew its position in shares of SPDR Gold Shares by 3.5% in the third quarter. Glenmede Trust Co. NA now owns 186,704 shares of the exchange traded fund’s stock valued at $32,010,000 after purchasing an additional 6,397 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD traded up $0.02 during midday trading on Friday, reaching $215.01. The company’s stock had a trading volume of 3,955,080 shares, compared to its average volume of 5,524,778. SPDR Gold Shares has a 1 year low of $168.30 and a 1 year high of $225.66. The business has a 50 day moving average price of $216.20 and a 200 day moving average price of $202.82.

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).