Meridian Wealth Advisors LLC Reduces Stake in SPDR Gold Shares (NYSEARCA:GLD)

Meridian Wealth Advisors LLC reduced its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,405 shares of the exchange traded fund’s stock after selling 180 shares during the period. Meridian Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $1,033,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. First Personal Financial Services purchased a new position in SPDR Gold Shares in the 4th quarter worth approximately $25,000. Johnson Midwest Financial LLC boosted its position in shares of SPDR Gold Shares by 350.0% during the third quarter. Johnson Midwest Financial LLC now owns 180 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 140 shares during the last quarter. Private Ocean LLC increased its holdings in SPDR Gold Shares by 232.7% in the 4th quarter. Private Ocean LLC now owns 163 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 114 shares during the last quarter. Naples Money Management LLC purchased a new stake in SPDR Gold Shares in the 4th quarter worth $31,000. Finally, GAMMA Investing LLC bought a new position in shares of SPDR Gold Shares during the 4th quarter valued at about $33,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 0.5 %

Shares of NYSEARCA:GLD opened at $214.60 on Thursday. The company has a 50-day moving average price of $208.23 and a 200 day moving average price of $194.39. SPDR Gold Shares has a 12 month low of $168.30 and a 12 month high of $225.09.

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).