WealthPLAN Partners LLC decreased its holdings in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 50.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,115 shares of the exchange traded fund’s stock after selling 2,124 shares during the period. WealthPLAN Partners LLC’s holdings in SPDR Gold Shares were worth $455,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Triad Wealth Partners LLC purchased a new stake in SPDR Gold Shares in the 2nd quarter worth approximately $25,000. Northwest Investment Counselors LLC acquired a new stake in SPDR Gold Shares during the first quarter valued at $26,000. Private Ocean LLC grew its stake in SPDR Gold Shares by 155.1% in the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 76 shares in the last quarter. Chris Bulman Inc acquired a new position in SPDR Gold Shares in the 2nd quarter worth about $29,000. Finally, Frazier Financial Advisors LLC purchased a new stake in shares of SPDR Gold Shares during the 4th quarter worth about $26,000. 42.19% of the stock is owned by hedge funds and other institutional investors.
SPDR Gold Shares Trading Down 0.6 %
Shares of SPDR Gold Shares stock opened at $237.34 on Wednesday. The stock has a 50-day simple moving average of $227.88 and a 200-day simple moving average of $218.27. SPDR Gold Shares has a 52-week low of $168.30 and a 52-week high of $239.28.
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).
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