EWG Elevate Inc. decreased its stake in SPDR Gold Shares (NYSEARCA:GLD – Get Rating) by 0.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 75,990 shares of the exchange traded fund’s stock after selling 440 shares during the quarter. SPDR Gold Shares accounts for about 6.5% of EWG Elevate Inc.’s investment portfolio, making the stock its 3rd largest holding. EWG Elevate Inc.’s holdings in SPDR Gold Shares were worth $12,891,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of GLD. Sei Investments Co. acquired a new stake in SPDR Gold Shares during the 1st quarter worth about $24,420,000. Covestor Ltd boosted its position in SPDR Gold Shares by 69.4% during the 1st quarter. Covestor Ltd now owns 532 shares of the exchange traded fund’s stock worth $96,000 after acquiring an additional 218 shares during the period. Merit Financial Group LLC boosted its position in SPDR Gold Shares by 18.6% during the 1st quarter. Merit Financial Group LLC now owns 2,773 shares of the exchange traded fund’s stock worth $501,000 after acquiring an additional 435 shares during the period. First Western Trust Bank acquired a new stake in SPDR Gold Shares during the 1st quarter worth about $256,000. Finally, Prudential Financial Inc. boosted its position in SPDR Gold Shares by 32.5% during the 1st quarter. Prudential Financial Inc. now owns 36,898 shares of the exchange traded fund’s stock worth $6,666,000 after acquiring an additional 9,049 shares during the period. Institutional investors and hedge funds own 37.94% of the company’s stock.
SPDR Gold Shares Trading Up 2.9 %
NYSEARCA GLD traded up $5.20 during trading on Friday, reaching $183.77. 24,156,266 shares of the company’s stock were exchanged, compared to its average volume of 7,078,172. SPDR Gold Shares has a fifty-two week low of $150.57 and a fifty-two week high of $186.10. The company’s fifty day simple moving average is $174.78 and its 200-day simple moving average is $165.55.
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).
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