HBW Advisory Services LLC Decreases Stake in SPDR Gold Shares (NYSEARCA:GLD)

HBW Advisory Services LLC cut its stake in SPDR Gold Shares (NYSEARCA:GLD) by 9.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,702 shares of the exchange traded fund’s stock after selling 383 shares during the period. HBW Advisory Services LLC’s holdings in SPDR Gold Shares were worth $896,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of GLD. Romano Brothers AND Company grew its holdings in shares of SPDR Gold Shares by 1.0% during the third quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock valued at $1,002,000 after buying an additional 40 shares during the last quarter. Delta Financial Group Inc. grew its stake in SPDR Gold Shares by 1.2% during the 3rd quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock valued at $849,000 after purchasing an additional 41 shares during the last quarter. Spinnaker Trust increased its holdings in shares of SPDR Gold Shares by 1.1% in the third quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock valued at $956,000 after purchasing an additional 43 shares during the period. Compton Wealth Advisory Group LLC lifted its holdings in shares of SPDR Gold Shares by 3.2% during the third quarter. Compton Wealth Advisory Group LLC now owns 1,409 shares of the exchange traded fund’s stock worth $342,000 after purchasing an additional 44 shares during the period. Finally, Acorn Wealth Advisors LLC boosted its position in SPDR Gold Shares by 1.4% in the third quarter. Acorn Wealth Advisors LLC now owns 3,242 shares of the exchange traded fund’s stock valued at $788,000 after buying an additional 44 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD opened at $248.21 on Friday. SPDR Gold Shares has a 12-month low of $183.78 and a 12-month high of $257.71. The firm has a 50 day moving average of $244.01 and a two-hundred day moving average of $237.04.

About SPDR Gold Shares

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).