Sterling Financial Planning Inc. Cuts Position in SPDR Gold Shares (NYSEARCA:GLD)

Sterling Financial Planning Inc. decreased its position in SPDR Gold Shares (NYSEARCA:GLD) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,629 shares of the exchange traded fund’s stock after selling 519 shares during the quarter. SPDR Gold Shares accounts for about 1.3% of Sterling Financial Planning Inc.’s holdings, making the stock its 24th biggest holding. Sterling Financial Planning Inc.’s holdings in SPDR Gold Shares were worth $3,542,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Vicus Capital purchased a new position in SPDR Gold Shares in the third quarter valued at $271,000. Eastern Bank acquired a new position in shares of SPDR Gold Shares during the 3rd quarter worth about $806,000. Waldron Private Wealth LLC increased its holdings in shares of SPDR Gold Shares by 10.2% in the 3rd quarter. Waldron Private Wealth LLC now owns 2,580 shares of the exchange traded fund’s stock valued at $627,000 after acquiring an additional 238 shares during the last quarter. Accordant Advisory Group Inc purchased a new position in shares of SPDR Gold Shares in the 3rd quarter valued at about $45,000. Finally, Tempus Wealth Planning LLC raised its position in shares of SPDR Gold Shares by 2.8% during the 3rd quarter. Tempus Wealth Planning LLC now owns 2,207 shares of the exchange traded fund’s stock worth $536,000 after acquiring an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD stock opened at $270.85 on Thursday. SPDR Gold Shares has a fifty-two week low of $187.05 and a fifty-two week high of $271.33. The business has a 50 day moving average price of $252.00 and a 200 day moving average price of $244.63.

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).