Benjamin F. Edwards & Company Inc. cut its holdings in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 15.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,967 shares of the exchange traded fund’s stock after selling 4,333 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in SPDR Gold Shares were worth $5,153,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in GLD. Triad Wealth Partners LLC bought a new stake in SPDR Gold Shares in the second quarter worth $25,000. Frazier Financial Advisors LLC purchased a new stake in shares of SPDR Gold Shares in the fourth quarter valued at $26,000. Northwest Investment Counselors LLC bought a new stake in shares of SPDR Gold Shares in the 1st quarter worth about $26,000. Gold Investment Management Ltd. purchased a new position in shares of SPDR Gold Shares during the 4th quarter worth about $27,000. Finally, Private Ocean LLC grew its holdings in SPDR Gold Shares by 155.1% during the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 76 shares during the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.
SPDR Gold Shares Stock Performance
Shares of NYSEARCA:GLD opened at $242.21 on Friday. The business has a 50 day simple moving average of $228.91 and a two-hundred day simple moving average of $218.86. SPDR Gold Shares has a 1 year low of $168.30 and a 1 year high of $242.63.
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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