SPDR Gold Shares (NYSEARCA:GLD) is D. Scott Neal Inc.’s 2nd Largest Position

D. Scott Neal Inc. decreased its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 3.6% in the fourth quarter, Holdings Channel reports. The fund owned 102,952 shares of the exchange traded fund’s stock after selling 3,819 shares during the period. SPDR Gold Shares accounts for approximately 13.7% of D. Scott Neal Inc.’s investment portfolio, making the stock its 2nd largest holding. D. Scott Neal Inc.’s holdings in SPDR Gold Shares were worth $24,928,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Semmax Financial Advisors Inc. boosted its position in shares of SPDR Gold Shares by 78.7% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 48 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in SPDR Gold Shares in the 3rd quarter valued at about $28,000. Capital Performance Advisors LLP purchased a new stake in shares of SPDR Gold Shares in the 3rd quarter valued at approximately $35,000. Pittenger & Anderson Inc. purchased a new stake in shares of SPDR Gold Shares in the 3rd quarter valued at approximately $38,000. Finally, Sugarloaf Wealth Management LLC increased its holdings in shares of SPDR Gold Shares by 78.9% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 71 shares during the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 0.7 %

GLD stock opened at $248.88 on Thursday. SPDR Gold Shares has a one year low of $183.78 and a one year high of $257.71. The firm’s 50 day moving average price is $243.74 and its 200-day moving average price is $237.81.

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).