Forte Asset Management LLC cut its holdings in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 4.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,709 shares of the exchange traded fund’s stock after selling 330 shares during the quarter. Forte Asset Management LLC’s holdings in SPDR Gold Shares were worth $1,624,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new stake in SPDR Gold Shares during the 3rd quarter valued at $28,000. Capital Performance Advisors LLP purchased a new stake in SPDR Gold Shares during the 3rd quarter valued at $35,000. Pittenger & Anderson Inc. purchased a new stake in SPDR Gold Shares during the 3rd quarter valued at $38,000. Sugarloaf Wealth Management LLC raised 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 buying an additional 71 shares during the last quarter. Finally, Maryland Capital Advisors Inc. purchased a new stake in SPDR Gold Shares during the 3rd quarter valued at $40,000. 42.19% of the stock is owned by institutional investors.
SPDR Gold Shares Trading Down 1.0 %
Shares of GLD opened at $252.99 on Tuesday. The firm has a fifty day simple moving average of $245.31 and a two-hundred day simple moving average of $239.72. SPDR Gold Shares has a 1-year low of $183.78 and a 1-year high of $257.71.
SPDR Gold Shares 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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