Chesapeake Wealth Management Sells 50 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Chesapeake Wealth Management decreased its position in SPDR Gold Shares (NYSEARCA:GLD) by 2.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,453 shares of the exchange traded fund’s stock after selling 50 shares during the quarter. Chesapeake Wealth Management’s holdings in SPDR Gold Shares were worth $594,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of GLD. Semmax Financial Advisors Inc. boosted its stake in SPDR Gold Shares by 78.7% in the 2nd 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 in the last quarter. Ashton Thomas Securities LLC bought a new position in SPDR Gold Shares in the 3rd quarter worth about $28,000. Capital Performance Advisors LLP bought a new position in SPDR Gold Shares in the 3rd quarter worth about $35,000. Pittenger & Anderson Inc. bought a new position in SPDR Gold Shares during the 3rd quarter valued at about $38,000. Finally, Sugarloaf Wealth Management LLC lifted its stake in SPDR Gold Shares by 78.9% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 71 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD opened at $249.27 on Tuesday. The company’s 50-day simple moving average is $243.85 and its two-hundred day simple moving average is $238.51. SPDR Gold Shares has a 52-week low of $183.78 and a 52-week high of $257.71.

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).