KG&L Capital Management LLC Sells 42 Shares of SPDR Gold Shares (NYSEARCA:GLD)

KG&L Capital Management LLC decreased its stake in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 2.1% during the third quarter, Holdings Channel reports. The firm owned 1,918 shares of the exchange traded fund’s stock after selling 42 shares during the quarter. KG&L Capital Management LLC’s holdings in SPDR Gold Shares were worth $466,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GLD. Triad Wealth Partners LLC bought a new position in SPDR Gold Shares in the second quarter worth approximately $25,000. Semmax Financial Advisors Inc. raised its position in SPDR Gold Shares by 78.7% in the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 48 shares during the period. Private Ocean LLC raised its position in SPDR Gold Shares by 155.1% in the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 76 shares during the period. Chris Bulman Inc bought a new position in SPDR Gold Shares in the second quarter worth approximately $29,000. Finally, EdgeRock Capital LLC bought a new stake in shares of SPDR Gold Shares during the 2nd quarter valued at $37,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $252.83 on Tuesday. SPDR Gold Shares has a one year low of $179.11 and a one year high of $257.71. The company’s fifty day moving average price is $242.83 and its 200-day moving average price is $227.89.

SPDR Gold Shares Profile

(Free Report)

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).

See Also

Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLDFree Report).

Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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