Asset Dedication LLC lowered its holdings in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 23.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,109 shares of the exchange traded fund’s stock after selling 346 shares during the period. Asset Dedication LLC’s holdings in SPDR Gold Shares were worth $269,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC purchased a new position in SPDR Gold Shares during the third quarter worth approximately $28,000. Capital Performance Advisors LLP acquired a new stake in shares of SPDR Gold Shares during the 3rd quarter worth $35,000. Pittenger & Anderson Inc. purchased a new position in shares of SPDR Gold Shares in the 3rd quarter worth $38,000. Sugarloaf Wealth Management LLC boosted its holdings in SPDR Gold Shares by 78.9% in the third quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 71 shares during the last quarter. Finally, Maryland Capital Advisors Inc. purchased a new stake in SPDR Gold Shares during the third quarter valued at about $40,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.
SPDR Gold Shares Stock Performance
SPDR Gold Shares stock opened at $254.20 on Thursday. SPDR Gold Shares has a 12 month low of $183.78 and a 12 month high of $257.71. The stock’s 50-day moving average is $245.79 and its 200-day moving average is $240.16.
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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