SPDR Gold Shares (NYSEARCA:GLD) Stock Holdings Decreased by Aveo Capital Partners LLC

Aveo Capital Partners LLC cut its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 49.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,919 shares of the exchange traded fund’s stock after selling 11,870 shares during the period. Aveo Capital Partners LLC’s holdings in SPDR Gold Shares were worth $2,886,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cornerstone Wealth Management LLC lifted its position in shares of SPDR Gold Shares by 8.4% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 8,297 shares of the exchange traded fund’s stock worth $2,017,000 after purchasing an additional 641 shares during the last quarter. Buffington Mohr McNeal lifted its position in shares of SPDR Gold Shares by 23.9% during the 3rd quarter. Buffington Mohr McNeal now owns 1,690 shares of the exchange traded fund’s stock worth $411,000 after purchasing an additional 326 shares during the last quarter. Optimum Investment Advisors raised its holdings in SPDR Gold Shares by 2.1% in the 3rd quarter. Optimum Investment Advisors now owns 11,022 shares of the exchange traded fund’s stock valued at $2,679,000 after acquiring an additional 227 shares in the last quarter. Bleakley Financial Group LLC raised its holdings in SPDR Gold Shares by 1.0% in the 3rd quarter. Bleakley Financial Group LLC now owns 117,122 shares of the exchange traded fund’s stock valued at $28,468,000 after acquiring an additional 1,217 shares in the last quarter. Finally, Secure Asset Management LLC raised its holdings in SPDR Gold Shares by 1.5% in the 3rd quarter. Secure Asset Management LLC now owns 5,276 shares of the exchange traded fund’s stock valued at $1,282,000 after acquiring an additional 79 shares in the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Down 1.5 %

GLD stock opened at $266.29 on Friday. SPDR Gold Shares has a 1-year low of $184.84 and a 1-year high of $270.39. The business’s 50 day moving average is $250.28 and its 200-day moving average is $243.26.

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).