MBE Wealth Management LLC cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 3.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,582 shares of the exchange traded fund’s stock after selling 59 shares during the period. MBE Wealth Management LLC’s holdings in SPDR Gold Shares were worth $383,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of GLD. Ashton Thomas Securities LLC bought a new stake in SPDR Gold Shares during the third quarter valued at about $28,000. Capital Performance Advisors LLP purchased a new stake in shares of SPDR Gold Shares in the third quarter worth about $35,000. Pittenger & Anderson Inc. purchased a new stake in shares of SPDR Gold Shares in the third quarter worth about $38,000. Sugarloaf Wealth Management LLC lifted its position in shares of SPDR Gold Shares by 78.9% in the third quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 71 shares in the last quarter. Finally, Maryland Capital Advisors Inc. purchased a new stake in shares of SPDR Gold Shares in the third quarter worth about $40,000. 42.19% of the stock is owned by institutional investors.
SPDR Gold Shares Trading Down 1.0 %
NYSEARCA:GLD opened at $252.99 on Tuesday. SPDR Gold Shares has a 12 month low of $183.78 and a 12 month high of $257.71. The business’s 50-day moving average is $245.31 and its 200 day moving average is $239.72.
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).
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