Hollow Brook Wealth Management LLC Decreases Stake in SPDR Gold Shares (NYSEARCA:GLD)

Hollow Brook Wealth Management LLC trimmed its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 4.7% during the third quarter, Holdings Channel reports. The institutional investor owned 16,145 shares of the exchange traded fund’s stock after selling 789 shares during the quarter. SPDR Gold Shares comprises about 1.2% of Hollow Brook Wealth Management LLC’s portfolio, making the stock its 28th largest holding. Hollow Brook Wealth Management LLC’s holdings in SPDR Gold Shares were worth $3,924,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in GLD. International Assets Investment Management LLC lifted its position in shares of 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 worth $735,169,000 after buying an additional 3,010,682 shares during the last quarter. Arizona PSPRS Trust acquired a new position in SPDR Gold Shares during the second quarter worth approximately $157,187,000. Strategic Financial Concepts LLC raised its position in SPDR Gold Shares by 9,654.6% in the 2nd 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. Granite Bay Wealth Management LLC boosted its stake in SPDR Gold Shares by 25,320.8% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 516,551 shares of the exchange traded fund’s stock worth $111,854,000 after purchasing an additional 514,519 shares during the period. Finally, Cerity Partners OCIO LLC purchased a new position in SPDR Gold Shares in the 2nd quarter valued at $78,434,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD stock opened at $245.59 on Monday. SPDR Gold Shares has a one year low of $183.15 and a one year high of $257.71. The company has a fifty day moving average of $246.53 and a 200-day moving average of $231.64.

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).