Upper Left Wealth Management LLC Reduces Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Upper Left Wealth Management LLC decreased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,839 shares of the exchange traded fund’s stock after selling 132 shares during the quarter. SPDR Gold Shares accounts for about 1.2% of Upper Left Wealth Management LLC’s holdings, making the stock its 28th biggest position. Upper Left Wealth Management LLC’s holdings in SPDR Gold Shares were worth $1,414,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Ashton Thomas Securities LLC acquired a new stake in SPDR Gold Shares in the 3rd quarter valued at about $28,000. Capital Performance Advisors LLP purchased a new position in SPDR Gold Shares in the 3rd quarter valued at about $35,000. Pittenger & Anderson Inc. acquired a new stake in SPDR Gold Shares during the third quarter worth approximately $38,000. Sugarloaf Wealth Management LLC grew its position in shares of SPDR Gold Shares by 78.9% in the third quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 71 shares during the period. Finally, Maryland Capital Advisors Inc. acquired a new stake in SPDR Gold Shares in the 3rd quarter worth about $40,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.5 %

NYSEARCA GLD opened at $258.05 on Friday. SPDR Gold Shares has a 12 month low of $183.78 and a 12 month high of $258.29. The company has a 50-day moving average of $245.98 and a 200-day moving average of $240.26.

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).