SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Baldwin Investment Management LLC

Baldwin Investment Management LLC reduced its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 16.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,300 shares of the exchange traded fund’s stock after selling 250 shares during the quarter. Baldwin Investment Management LLC’s holdings in SPDR Gold Shares were worth $316,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in GLD. Triad Wealth Partners LLC acquired a new position in shares of SPDR Gold Shares during the 2nd quarter worth $25,000. Semmax Financial Advisors Inc. increased its holdings in SPDR Gold Shares by 78.7% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 48 shares in the last quarter. Private Ocean LLC raised its position in SPDR Gold Shares by 155.1% during 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 last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of SPDR Gold Shares in the third quarter valued at about $28,000. Finally, Chris Bulman Inc purchased a new position in shares of SPDR Gold Shares during the 2nd quarter worth approximately $29,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

Shares of SPDR Gold Shares stock opened at $243.49 on Thursday. The business has a 50 day moving average price of $246.38 and a 200 day moving average price of $231.18. SPDR Gold Shares has a 1 year low of $183.15 and a 1 year 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).