Western Wealth Management LLC Sells 22,312 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Western Wealth Management LLC trimmed its stake in SPDR Gold Shares (NYSEARCA:GLD) by 92.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,719 shares of the exchange traded fund’s stock after selling 22,312 shares during the period. Western Wealth Management LLC’s holdings in SPDR Gold Shares were worth $416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Tallon Kerry Patrick purchased a new position in SPDR Gold Shares during the 4th quarter worth $547,000. Ironwood Wealth Management LLC. lifted its holdings in shares of SPDR Gold Shares by 8.5% in the 4th quarter. Ironwood Wealth Management LLC. now owns 1,191 shares of the exchange traded fund’s stock worth $288,000 after buying an additional 93 shares during the period. Daymark Wealth Partners LLC grew its position in shares of SPDR Gold Shares by 3.1% during the 4th quarter. Daymark Wealth Partners LLC now owns 2,297 shares of the exchange traded fund’s stock worth $556,000 after buying an additional 70 shares in the last quarter. Bartlett & CO. Wealth Management LLC increased its stake in shares of SPDR Gold Shares by 1.9% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 3,990 shares of the exchange traded fund’s stock valued at $966,000 after buying an additional 75 shares during the period. Finally, True North Advisors LLC purchased a new position in shares of SPDR Gold Shares during the fourth quarter valued at $222,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

NYSEARCA:GLD opened at $309.75 on Friday. SPDR Gold Shares has a 1-year low of $211.54 and a 1-year high of $317.63. The company has a 50-day moving average of $295.49 and a 200 day moving average of $267.95. The firm has a market cap of $93.11 billion, a PE ratio of -32.43 and a beta of 0.12.

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).