WealthPlan Investment Management LLC reduced its position in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 20.7% in the 4th quarter, Holdings Channel reports. The firm owned 903 shares of the exchange traded fund’s stock after selling 235 shares during the quarter. WealthPlan Investment Management LLC’s holdings in SPDR Gold Shares were worth $219,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. Romano Brothers AND Company grew its holdings in SPDR Gold Shares by 1.0% in the 3rd quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock valued at $1,002,000 after buying an additional 40 shares in the last quarter. Clarus Group Inc. grew its holdings in SPDR Gold Shares by 2.2% in the 4th quarter. Clarus Group Inc. now owns 1,825 shares of the exchange traded fund’s stock valued at $442,000 after buying an additional 40 shares in the last quarter. Magnus Financial Group LLC grew its holdings in SPDR Gold Shares by 0.6% in the 4th quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock valued at $1,780,000 after buying an additional 41 shares in the last quarter. Gradient Capital Advisors LLC grew its holdings in SPDR Gold Shares by 0.7% in the 4th quarter. Gradient Capital Advisors LLC now owns 5,743 shares of the exchange traded fund’s stock valued at $1,391,000 after buying an additional 42 shares in the last quarter. Finally, Spinnaker Trust grew its holdings in SPDR Gold Shares by 1.1% in the 3rd quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock valued at $956,000 after buying an additional 43 shares in the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.
SPDR Gold Shares Stock Performance
Shares of NYSEARCA:GLD opened at $266.29 on Friday. The business has a fifty day moving average of $250.74 and a two-hundred day moving average of $243.57. SPDR Gold Shares has a 52-week low of $184.84 and a 52-week high of $270.39.
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).
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