Barry Investment Advisors LLC reduced its stake in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 0.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 27,783 shares of the exchange traded fund’s stock after selling 198 shares during the quarter. SPDR Gold Shares makes up about 2.1% of Barry Investment Advisors LLC’s holdings, making the stock its 16th largest position. Barry Investment Advisors LLC’s holdings in SPDR Gold Shares were worth $6,753,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Cantor Fitzgerald Investment Advisors L.P. lifted its holdings in SPDR Gold Shares by 7.5% during the 3rd quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 1,612 shares of the exchange traded fund’s stock worth $392,000 after buying an additional 112 shares during the last quarter. Strategic Wealth Investment Group LLC lifted its stake in SPDR Gold Shares by 5.0% during the third quarter. Strategic Wealth Investment Group LLC now owns 96,752 shares of the exchange traded fund’s stock worth $23,763,000 after purchasing an additional 4,615 shares during the last quarter. Taylor & Morgan Wealth Management LLC boosted its holdings in SPDR Gold Shares by 1.7% in the third quarter. Taylor & Morgan Wealth Management LLC now owns 2,919 shares of the exchange traded fund’s stock worth $709,000 after purchasing an additional 50 shares during the period. TCI Wealth Advisors Inc. increased its stake in SPDR Gold Shares by 6.0% during the third quarter. TCI Wealth Advisors Inc. now owns 1,832 shares of the exchange traded fund’s stock valued at $445,000 after purchasing an additional 103 shares during the last quarter. Finally, Concord Wealth Partners raised its holdings in shares of SPDR Gold Shares by 27.9% during the third quarter. Concord Wealth Partners now owns 687 shares of the exchange traded fund’s stock worth $167,000 after purchasing an additional 150 shares during the period. Institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Stock Performance
Shares of GLD stock opened at $253.31 on Tuesday. The business has a 50 day moving average of $240.56 and a two-hundred day moving average of $226.66. SPDR Gold Shares has a 52 week low of $179.11 and a 52 week 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).
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