Sound Income Strategies LLC decreased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 4.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 13,958 shares of the exchange traded fund’s stock after selling 668 shares during the period. Sound Income Strategies LLC’s holdings in SPDR Gold Shares were worth $3,380,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new stake in shares of SPDR Gold Shares in the third quarter worth about $28,000. Capital Performance Advisors LLP bought a new stake in SPDR Gold Shares during the 3rd quarter worth approximately $35,000. Pittenger & Anderson Inc. purchased a new stake in SPDR Gold Shares in the 3rd quarter worth approximately $38,000. Sugarloaf Wealth Management LLC boosted its holdings in SPDR Gold Shares by 78.9% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 71 shares during the period. Finally, Maryland Capital Advisors Inc. purchased a new position in shares of SPDR Gold Shares during the 3rd quarter valued at $40,000. Institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Price Performance
NYSEARCA:GLD opened at $254.07 on Friday. The stock has a fifty day moving average of $244.59 and a 200 day moving average of $239.07. SPDR Gold Shares has a 52-week low of $183.78 and a 52-week high of $257.71.
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).
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