Rehmann Capital Advisory Group Decreases Position in SPDR Gold Shares (NYSEARCA:GLD)

Rehmann Capital Advisory Group reduced its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 5.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,300 shares of the exchange traded fund’s stock after selling 975 shares during the period. Rehmann Capital Advisory Group’s holdings in SPDR Gold Shares were worth $3,949,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in GLD. Morse Asset Management Inc acquired a new stake in SPDR Gold Shares during the 3rd quarter worth $1,929,000. SOA Wealth Advisors LLC. boosted its position in SPDR Gold Shares by 54.0% during the third quarter. SOA Wealth Advisors LLC. now owns 194 shares of the exchange traded fund’s stock worth $47,000 after acquiring an additional 68 shares during the last quarter. World Investment Advisors LLC raised its holdings in SPDR Gold Shares by 17.3% in the 3rd quarter. World Investment Advisors LLC now owns 15,479 shares of the exchange traded fund’s stock valued at $3,762,000 after acquiring an additional 2,288 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its stake in SPDR Gold Shares by 451.1% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 55,860 shares of the exchange traded fund’s stock worth $13,577,000 after purchasing an additional 45,724 shares in the last quarter. Finally, Tidal Investments LLC boosted its holdings in shares of SPDR Gold Shares by 12.7% during the 3rd quarter. Tidal Investments LLC now owns 14,850 shares of the exchange traded fund’s stock worth $3,609,000 after purchasing an additional 1,676 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD stock opened at $306.06 on Wednesday. SPDR Gold Shares has a 1 year low of $210.71 and a 1 year high of $317.63. The firm has a market capitalization of $92.00 billion, a PE ratio of -32.58 and a beta of 0.17. The business has a 50 day simple moving average of $283.82 and a 200-day simple moving average of $261.70.

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).