SPDR Gold Shares (NYSEARCA:GLD) Stock Position Trimmed by Lake Hills Wealth Management LLC

Lake Hills Wealth Management LLC cut its position in SPDR Gold Shares (NYSEARCA:GLD) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,164 shares of the exchange traded fund’s stock after selling 372 shares during the period. SPDR Gold Shares makes up 3.5% of Lake Hills Wealth Management LLC’s holdings, making the stock its 8th largest position. Lake Hills Wealth Management LLC’s holdings in SPDR Gold Shares were worth $5,124,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. 1832 Asset Management L.P. raised its stake in shares of SPDR Gold Shares by 1.6% during the 2nd quarter. 1832 Asset Management L.P. now owns 5,115 shares of the exchange traded fund’s stock worth $1,100,000 after buying an additional 80 shares during the period. Semmax Financial Advisors Inc. grew its stake in SPDR Gold Shares by 78.7% in 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 period. Insigneo Advisory Services LLC purchased a new stake in SPDR Gold Shares in the 2nd quarter worth $12,665,000. Prairie Wealth Advisors Inc. raised its position in SPDR Gold Shares by 0.5% during the second quarter. Prairie Wealth Advisors Inc. now owns 38,805 shares of the exchange traded fund’s stock worth $8,344,000 after acquiring an additional 179 shares during the period. Finally, AlTi Global Inc. lifted its holdings in SPDR Gold Shares by 145.0% during the second quarter. AlTi Global Inc. now owns 335,937 shares of the exchange traded fund’s stock valued at $72,212,000 after purchasing an additional 198,823 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.5 %

Shares of NYSEARCA GLD opened at $254.43 on Thursday. SPDR Gold Shares has a 52-week low of $183.78 and a 52-week high of $257.71. The company’s 50-day simple moving average is $244.25 and its 200-day simple moving average is $238.96.

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).