Hodges Capital Management Inc. Sells 1,650 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Hodges Capital Management Inc. decreased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 16.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,420 shares of the exchange traded fund’s stock after selling 1,650 shares during the quarter. Hodges Capital Management Inc.’s holdings in SPDR Gold Shares were worth $1,732,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of GLD. First Dallas Securities Inc. acquired a new stake in shares of SPDR Gold Shares during the 3rd quarter worth approximately $309,000. Waverly Advisors LLC grew its holdings in SPDR Gold Shares by 9.0% during the third quarter. Waverly Advisors LLC now owns 1,799 shares of the exchange traded fund’s stock valued at $309,000 after purchasing an additional 148 shares during the period. NCM Capital Management LLC grew its holdings in SPDR Gold Shares by 25.0% during the third quarter. NCM Capital Management LLC now owns 2,050 shares of the exchange traded fund’s stock valued at $351,000 after purchasing an additional 410 shares during the period. Fairhaven Wealth Management LLC grew its holdings in SPDR Gold Shares by 18.3% during the third quarter. Fairhaven Wealth Management LLC now owns 1,771 shares of the exchange traded fund’s stock valued at $304,000 after purchasing an additional 274 shares during the period. Finally, Glenmede Trust Co. NA grew its holdings in SPDR Gold Shares by 3.5% during the third quarter. Glenmede Trust Co. NA now owns 186,704 shares of the exchange traded fund’s stock valued at $32,010,000 after purchasing an additional 6,397 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $215.01 on Friday. The firm has a 50 day moving average price of $216.20 and a 200 day moving average price of $202.82. SPDR Gold Shares has a 52-week low of $168.30 and a 52-week high of $225.66.

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).