Sound Income Strategies LLC lessened its stake in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 4.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,958 shares of the exchange traded fund’s stock after selling 668 shares during the quarter. Sound Income Strategies LLC’s holdings in SPDR Gold Shares were worth $3,380,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new stake in shares of SPDR Gold Shares in the third quarter valued at $28,000. Capital Performance Advisors LLP bought a new position in shares of SPDR Gold Shares during the 3rd quarter worth $35,000. Pittenger & Anderson Inc. purchased a new stake in SPDR Gold Shares in the 3rd quarter worth about $38,000. Sugarloaf Wealth Management LLC raised its stake in SPDR Gold Shares by 78.9% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 71 shares during the period. Finally, Maryland Capital Advisors Inc. purchased a new stake in SPDR Gold Shares during the third quarter valued at about $40,000. Institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Trading Down 0.1 %
Shares of NYSEARCA:GLD opened at $254.07 on Friday. The company has a 50-day moving average price of $244.59 and a two-hundred day moving average price of $239.07. SPDR Gold Shares has a twelve month low of $183.78 and a twelve month 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).
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