Olympus Wealth Management LLC Cuts Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Olympus Wealth Management LLC lowered its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,667 shares of the exchange traded fund’s stock after selling 793 shares during the quarter. SPDR Gold Shares comprises 3.9% of Olympus Wealth Management LLC’s portfolio, making the stock its 7th largest holding. Olympus Wealth Management LLC’s holdings in SPDR Gold Shares were worth $11,586,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its stake in shares of SPDR Gold Shares by 21,571.1% in the third quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock worth $735,169,000 after buying an additional 3,010,682 shares during the last quarter. Toronto Dominion Bank raised its holdings in SPDR Gold Shares by 23.6% in the 1st quarter. Toronto Dominion Bank now owns 5,649,510 shares of the exchange traded fund’s stock worth $1,162,217,000 after acquiring an additional 1,079,452 shares during the period. Arizona PSPRS Trust acquired a new position in SPDR Gold Shares during the 2nd quarter worth $157,187,000. Cetera Investment Advisers boosted its holdings in SPDR Gold Shares by 461.0% during the first quarter. Cetera Investment Advisers now owns 702,415 shares of the exchange traded fund’s stock valued at $144,501,000 after acquiring an additional 577,210 shares during the period. Finally, Strategic Financial Concepts LLC grew its position in shares of SPDR Gold Shares by 9,654.6% in the second quarter. Strategic Financial Concepts LLC now owns 550,450 shares of the exchange traded fund’s stock valued at $1,184,000 after purchasing an additional 544,807 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.4 %

SPDR Gold Shares stock opened at $252.47 on Friday. SPDR Gold Shares has a 52 week low of $179.11 and a 52 week high of $257.71. The business’s 50-day simple moving average is $242.43 and its 200-day simple moving average is $227.60.

SPDR Gold Shares 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).