SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Parcion Private Wealth LLC

Parcion Private Wealth LLC decreased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,154 shares of the exchange traded fund’s stock after selling 316 shares during the quarter. Parcion Private Wealth LLC’s holdings in SPDR Gold Shares were worth $2,638,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of GLD. Leigh Baldwin & CO. LLC acquired a new stake in shares of SPDR Gold Shares in the 4th quarter worth approximately $401,829,000. Ameriprise Financial Inc. lifted its stake in shares of SPDR Gold Shares by 10.9% in the 4th quarter. Ameriprise Financial Inc. now owns 1,387,693 shares of the exchange traded fund’s stock worth $335,909,000 after acquiring an additional 136,120 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of SPDR Gold Shares by 9.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,217,861 shares of the exchange traded fund’s stock worth $350,914,000 after acquiring an additional 106,648 shares during the period. Stifel Financial Corp lifted its stake in shares of SPDR Gold Shares by 0.9% in the 4th quarter. Stifel Financial Corp now owns 829,955 shares of the exchange traded fund’s stock worth $200,957,000 after acquiring an additional 7,424 shares during the period. Finally, 59 North Capital Management LP lifted its stake in shares of SPDR Gold Shares by 116.1% in the 4th quarter. 59 North Capital Management LP now owns 716,178 shares of the exchange traded fund’s stock worth $173,408,000 after acquiring an additional 384,840 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.4%

Shares of NYSEARCA:GLD opened at $306.73 on Wednesday. The company has a 50 day moving average of $306.37 and a 200-day moving average of $284.67. The firm has a market cap of $101.53 billion, a P/E ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a twelve month low of $217.52 and a twelve month high of $317.63.

About SPDR Gold Shares

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).