Narwhal Capital Management Has $3.57 Million Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Narwhal Capital Management reduced its position in SPDR Gold Shares (NYSEARCA:GLD) by 2.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 14,679 shares of the exchange traded fund’s stock after selling 354 shares during the period. Narwhal Capital Management’s holdings in SPDR Gold Shares were worth $3,568,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of GLD. Triad Wealth Partners LLC acquired a new position in shares of SPDR Gold Shares in the second quarter valued at $25,000. Semmax Financial Advisors Inc. raised its holdings in SPDR Gold Shares by 78.7% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 48 shares during the period. Northwest Investment Counselors LLC bought a new position in SPDR Gold Shares in the 1st quarter valued at about $26,000. Private Ocean LLC lifted its position in SPDR Gold Shares by 155.1% during the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 76 shares during the last quarter. Finally, Chris Bulman Inc bought a new stake in shares of SPDR Gold Shares during the second quarter worth approximately $29,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Up 1.1 %

Shares of NYSEARCA GLD opened at $253.89 on Wednesday. The business’s 50 day moving average is $238.69 and its 200-day moving average is $225.67. SPDR Gold Shares has a 1-year low of $179.11 and a 1-year high of $253.94.

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).