SPDR Gold Shares (NYSEARCA:GLD) Position Decreased by David R. Rahn & Associates Inc.

David R. Rahn & Associates Inc. lowered its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 0.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,942 shares of the exchange traded fund’s stock after selling 176 shares during the period. SPDR Gold Shares makes up 6.7% of David R. Rahn & Associates Inc.’s investment portfolio, making the stock its 5th largest position. David R. Rahn & Associates Inc.’s holdings in SPDR Gold Shares were worth $7,189,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. ADE LLC purchased a new stake in shares of SPDR Gold Shares in the 4th quarter valued at about $28,000. GPS Wealth Strategies Group LLC purchased a new position in shares of SPDR Gold Shares during the 1st quarter valued at about $30,000. Clark Financial Advisors purchased a new position in shares of SPDR Gold Shares during the 4th quarter valued at about $35,000. Fort Pitt Capital Group LLC purchased a new position in shares of SPDR Gold Shares during the 4th quarter valued at about $36,000. Finally, Horan Securities Inc. raised its holdings in shares of SPDR Gold Shares by 216.9% during the 4th quarter. Horan Securities Inc. now owns 206 shares of the exchange traded fund’s stock valued at $37,000 after buying an additional 141 shares in the last quarter. 43.90% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSEARCA GLD opened at $166.35 on Monday. SPDR Gold Shares has a 1-year low of $157.04 and a 1-year high of $194.45. The stock’s 50-day moving average is $161.92 and its 200 day moving average is $170.53.

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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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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