McGuire Investment Group LLC Trims Position in SPDR Gold Shares (NYSEARCA:GLD)

McGuire Investment Group LLC cut its position in SPDR Gold Shares (NYSEARCA:GLD) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,747 shares of the exchange traded fund’s stock after selling 77 shares during the period. McGuire Investment Group LLC’s holdings in SPDR Gold Shares were worth $907,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new position in shares of SPDR Gold Shares in the 3rd quarter worth $28,000. Capital Performance Advisors LLP purchased a new position in shares of SPDR Gold Shares in the 3rd quarter worth $35,000. Pittenger & Anderson Inc. purchased a new position in shares of SPDR Gold Shares in the 3rd quarter worth $38,000. Sugarloaf Wealth Management LLC lifted its holdings in shares of 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 worth $39,000 after acquiring an additional 71 shares during the last quarter. Finally, Maryland Capital Advisors Inc. bought a new stake in shares of SPDR Gold Shares in the 3rd quarter worth about $40,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $255.65 on Friday. The firm has a 50-day moving average price of $244.93 and a 200-day moving average price of $239.17. SPDR Gold Shares has a 12-month low of $183.78 and a 12-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).