Forte Asset Management LLC trimmed its stake in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 4.7% in the 4th quarter, HoldingsChannel reports. The firm owned 6,709 shares of the exchange traded fund’s stock after selling 330 shares during the period. Forte Asset Management LLC’s holdings in SPDR Gold Shares were worth $1,624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in shares of SPDR Gold Shares in the 3rd quarter worth $28,000. Capital Performance Advisors LLP purchased a new stake in shares of SPDR Gold Shares in the 3rd quarter worth $35,000. Pittenger & Anderson Inc. purchased a new stake in shares of SPDR Gold Shares in the 3rd quarter worth $38,000. Sugarloaf Wealth Management LLC increased its stake in shares of SPDR Gold Shares by 78.9% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 71 shares in the last quarter. Finally, Maryland Capital Advisors Inc. purchased a new stake in shares of SPDR Gold Shares in the 3rd quarter worth $40,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.
SPDR Gold Shares Stock Performance
NYSEARCA:GLD opened at $252.99 on Tuesday. SPDR Gold Shares has a one year low of $183.78 and a one year high of $257.71. The business has a fifty day moving average price of $245.31 and a 200-day moving average price of $239.72.
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).
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