Financial Gravity Asset Management Inc. Cuts Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Financial Gravity Asset Management Inc. decreased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 20.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,771 shares of the exchange traded fund’s stock after selling 451 shares during the quarter. Financial Gravity Asset Management Inc.’s holdings in SPDR Gold Shares were worth $381,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC increased its stake in SPDR Gold Shares by 5.1% during the 4th quarter. International Assets Investment Management LLC now owns 12,748 shares of the exchange traded fund’s stock valued at $2,437,000 after purchasing an additional 617 shares in the last quarter. Aveo Capital Partners LLC increased its position in shares of SPDR Gold Shares by 116.1% during the fourth quarter. Aveo Capital Partners LLC now owns 23,077 shares of the exchange traded fund’s stock valued at $4,412,000 after acquiring an additional 12,396 shares in the last quarter. Gryphon Financial Partners LLC raised its holdings in SPDR Gold Shares by 628.7% in the 4th quarter. Gryphon Financial Partners LLC now owns 3,352 shares of the exchange traded fund’s stock worth $632,000 after acquiring an additional 2,892 shares during the last quarter. Principal Securities Inc. bought a new position in SPDR Gold Shares in the 4th quarter valued at approximately $1,374,000. Finally, Cary Street Partners Investment Advisory LLC boosted its stake in SPDR Gold Shares by 5.6% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 12,015 shares of the exchange traded fund’s stock valued at $2,297,000 after purchasing an additional 640 shares during the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Price Performance

SPDR Gold Shares stock opened at $230.63 on Friday. SPDR Gold Shares has a 12 month low of $168.30 and a 12 month high of $234.01. The stock has a fifty day simple moving average of $225.43 and a two-hundred day simple moving average of $215.79.

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).