Wallington Asset Management LLC Has $13.17 Million Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Wallington Asset Management LLC cut its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,183 shares of the exchange traded fund’s stock after selling 540 shares during the period. SPDR Gold Shares makes up approximately 1.8% of Wallington Asset Management LLC’s investment portfolio, making the stock its 25th largest holding. Wallington Asset Management LLC’s holdings in SPDR Gold Shares were worth $13,170,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. U.S. Capital Wealth Advisors LLC grew its stake in shares of SPDR Gold Shares by 2.0% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 29,500 shares of the exchange traded fund’s stock worth $7,170,000 after purchasing an additional 581 shares during the period. Greenleaf Trust grew its stake in SPDR Gold Shares by 29.2% in the third quarter. Greenleaf Trust now owns 4,361 shares of the exchange traded fund’s stock valued at $1,060,000 after acquiring an additional 985 shares during the period. Lazari Capital Management Inc. acquired a new position in SPDR Gold Shares in the third quarter valued at about $292,000. Macroview Investment Management LLC grew its stake in SPDR Gold Shares by 1.4% in the third quarter. Macroview Investment Management LLC now owns 13,719 shares of the exchange traded fund’s stock valued at $3,335,000 after acquiring an additional 188 shares during the period. Finally, Maryland Capital Advisors Inc. acquired a new position in SPDR Gold Shares in the third quarter valued at about $40,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

NYSEARCA:GLD opened at $250.87 on Thursday. SPDR Gold Shares has a 1 year low of $179.11 and a 1 year high of $253.94. The stock has a 50-day moving average price of $239.18 and a two-hundred day moving average price of $225.85.

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).