Pegasus Asset Management Inc. Has $1.40 Million Stake in SPDR Gold Shares (NYSEARCA:GLD)

Pegasus Asset Management Inc. trimmed its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 0.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,778 shares of the exchange traded fund’s stock after selling 50 shares during the quarter. Pegasus Asset Management Inc.’s holdings in SPDR Gold Shares were worth $1,404,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Triad Wealth Partners LLC acquired a new stake in SPDR Gold Shares in the 2nd quarter worth approximately $25,000. Semmax Financial Advisors Inc. lifted its holdings in SPDR Gold Shares by 78.7% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 48 shares during the last quarter. Northwest Investment Counselors LLC acquired a new stake in SPDR Gold Shares in the 1st quarter worth approximately $26,000. Private Ocean LLC lifted its holdings in SPDR Gold Shares by 155.1% in the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 76 shares during the last quarter. Finally, Security National Bank acquired a new stake in SPDR Gold Shares in the 1st quarter worth approximately $28,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Up 1.0 %

GLD traded up $2.40 on Tuesday, hitting $253.62. The company had a trading volume of 4,022,803 shares, compared to its average volume of 6,977,905. The company’s fifty day moving average price is $238.17 and its 200 day moving average price is $225.40. SPDR Gold Shares has a 1-year low of $179.11 and a 1-year high of $253.87.

SPDR Gold Shares Company 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).