SPDR Gold Shares (NYSEARCA:GLD) Position Reduced by New Century Financial Group LLC

New Century Financial Group LLC reduced its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,406 shares of the exchange traded fund’s stock after selling 107 shares during the period. New Century Financial Group LLC’s holdings in SPDR Gold Shares were worth $732,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Triad Wealth Partners LLC bought a new position in SPDR Gold Shares during the second quarter worth $25,000. Semmax Financial Advisors Inc. raised its holdings in shares of SPDR Gold Shares by 78.7% during the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 48 shares during the period. Northwest Investment Counselors LLC bought a new position in shares of SPDR Gold Shares in the 1st quarter worth about $26,000. Private Ocean LLC boosted its holdings in shares of SPDR Gold Shares by 155.1% in the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 76 shares during the period. Finally, Security National Bank bought a new stake in shares of SPDR Gold Shares during the 1st quarter valued at about $28,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD opened at $243.06 on Tuesday. The firm’s 50-day moving average price is $231.33 and its two-hundred day moving average price is $221.02. SPDR Gold Shares has a 52-week low of $168.30 and a 52-week high of $247.37.

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).