ACT Wealth Management LLC Trims Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

ACT Wealth Management LLC trimmed its stake in SPDR Gold Shares (NYSEARCA:GLD) by 6.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 86,164 shares of the exchange traded fund’s stock after selling 5,706 shares during the period. SPDR Gold Shares accounts for about 9.8% of ACT Wealth Management LLC’s investment portfolio, making the stock its 4th largest holding. ACT Wealth Management LLC’s holdings in SPDR Gold Shares were worth $20,863,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC raised its stake in SPDR Gold Shares by 21,571.1% during the third quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock worth $735,169,000 after buying an additional 3,010,682 shares during the last quarter. AlTi Global Inc. grew its holdings in SPDR Gold Shares by 145.0% during the 2nd quarter. AlTi Global Inc. now owns 335,937 shares of the exchange traded fund’s stock worth $72,212,000 after acquiring an additional 198,823 shares during the period. Diversify Advisory Services LLC grew its holdings in SPDR Gold Shares by 446.0% during the 4th quarter. Diversify Advisory Services LLC now owns 239,355 shares of the exchange traded fund’s stock worth $59,410,000 after acquiring an additional 195,520 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its position in shares of SPDR Gold Shares by 47.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 454,153 shares of the exchange traded fund’s stock worth $110,386,000 after acquiring an additional 146,271 shares in the last quarter. Finally, Banco Santander S.A. lifted its stake in shares of SPDR Gold Shares by 245.1% in the 3rd quarter. Banco Santander S.A. now owns 160,721 shares of the exchange traded fund’s stock valued at $39,065,000 after purchasing an additional 114,151 shares during the period. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Up 1.5 %

NYSEARCA GLD opened at $253.13 on Wednesday. The business has a 50 day simple moving average of $243.99 and a 200 day simple moving average of $238.73. SPDR Gold Shares has a one year low of $183.78 and a one year high of $257.71.

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).