RFG Advisory LLC Lowers Position in SPDR Gold Shares (NYSEARCA:GLD)

RFG Advisory LLC reduced its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 22.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 19,173 shares of the exchange traded fund’s stock after selling 5,517 shares during the period. RFG Advisory LLC’s holdings in SPDR Gold Shares were worth $4,642,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Private Capital Advisors Inc. purchased a new stake in SPDR Gold Shares in the fourth quarter worth approximately $242,000. MFA Wealth Services bought a new stake in shares of SPDR Gold Shares in the 4th quarter worth approximately $242,000. Cornerstone Wealth Management LLC boosted its stake in shares of SPDR Gold Shares by 17.2% in the 4th quarter. Cornerstone Wealth Management LLC now owns 9,722 shares of the exchange traded fund’s stock valued at $2,354,000 after purchasing an additional 1,425 shares in the last quarter. Brighton Jones LLC grew its holdings in shares of SPDR Gold Shares by 20.4% during the 4th quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock valued at $2,723,000 after purchasing an additional 1,903 shares during the last quarter. Finally, Hengehold Capital Management LLC raised its position in SPDR Gold Shares by 2.1% in the 4th quarter. Hengehold Capital Management LLC now owns 3,975 shares of the exchange traded fund’s stock worth $962,000 after purchasing an additional 82 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

NYSEARCA GLD opened at $254.07 on Friday. The company has a 50-day simple moving average of $244.59 and a two-hundred day simple moving average of $239.07. SPDR Gold Shares has a 12-month low of $183.78 and a 12-month 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).