Financial Partners Group Inc trimmed its position in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 7.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,934 shares of the exchange traded fund’s stock after selling 234 shares during the period. Financial Partners Group Inc’s holdings in SPDR Gold Shares were worth $710,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new stake in shares of SPDR Gold Shares during the third quarter valued at about $28,000. Capital Performance Advisors LLP purchased a new position in SPDR Gold Shares in the third quarter valued at about $35,000. Pittenger & Anderson Inc. acquired a new stake in SPDR Gold Shares during the 3rd quarter valued at approximately $38,000. Sugarloaf Wealth Management LLC increased its holdings 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 worth $39,000 after purchasing an additional 71 shares during the last quarter. Finally, Maryland Capital Advisors Inc. acquired a new position in shares of SPDR Gold Shares in the 3rd quarter valued at approximately $40,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Trading Up 0.2 %
SPDR Gold Shares stock opened at $258.56 on Monday. The stock has a 50 day moving average of $246.38 and a 200-day moving average of $240.71. SPDR Gold Shares has a 52 week low of $183.78 and a 52 week high of $259.99.
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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Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLD – Free Report).
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