Robertson Stephens Wealth Management LLC Cuts Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Robertson Stephens Wealth Management LLC lowered its stake in SPDR Gold Shares (NYSEARCA:GLD) by 8.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,646 shares of the exchange traded fund’s stock after selling 532 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in SPDR Gold Shares were worth $1,367,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Diversified Trust Co boosted its stake in SPDR Gold Shares by 31.1% during the 3rd quarter. Diversified Trust Co now owns 3,854 shares of the exchange traded fund’s stock valued at $937,000 after purchasing an additional 915 shares during the last quarter. City Holding Co. boosted its stake in SPDR Gold Shares by 20.7% during the 3rd quarter. City Holding Co. now owns 4,907 shares of the exchange traded fund’s stock valued at $1,193,000 after purchasing an additional 841 shares during the last quarter. CWM LLC boosted its stake in SPDR Gold Shares by 2.0% during the 3rd quarter. CWM LLC now owns 191,260 shares of the exchange traded fund’s stock valued at $46,488,000 after purchasing an additional 3,661 shares during the last quarter. Heritage Wealth Partners LLC boosted its stake in SPDR Gold Shares by 43.7% during the 3rd quarter. Heritage Wealth Partners LLC now owns 16,628 shares of the exchange traded fund’s stock valued at $4,042,000 after purchasing an additional 5,053 shares during the last quarter. Finally, Kelly Financial Services LLC boosted its stake in SPDR Gold Shares by 32.1% during the 3rd quarter. Kelly Financial Services LLC now owns 2,146 shares of the exchange traded fund’s stock valued at $521,000 after purchasing an additional 522 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD stock opened at $263.43 on Friday. SPDR Gold Shares has a 1 year low of $183.78 and a 1 year high of $265.99. The stock’s fifty day moving average price is $247.54 and its 200-day moving average price is $241.49.

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).