OLD Dominion Capital Management Inc. lowered its position in SPDR Gold Shares (NYSEARCA:GLD) by 18.6% in the first quarter, HoldingsChannel reports. The institutional investor owned 2,010 shares of the exchange traded fund’s stock after selling 460 shares during the period. OLD Dominion Capital Management Inc.’s holdings in SPDR Gold Shares were worth $322,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. ADE LLC purchased a new position in shares of SPDR Gold Shares in the fourth quarter valued at $28,000. Clark Financial Advisors purchased a new position in shares of SPDR Gold Shares in the fourth quarter valued at $35,000. Fort Pitt Capital Group LLC purchased a new position in shares of SPDR Gold Shares in the fourth quarter valued at $36,000. Oxler Private Wealth LLC purchased a new position in shares of SPDR Gold Shares in the fourth quarter valued at $46,000. Finally, Horan Securities Inc. increased its position in SPDR Gold Shares by 216.9% during the 4th quarter. Horan Securities Inc. now owns 206 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 141 shares in the last quarter. Institutional investors and hedge funds own 43.90% of the company’s stock.
SPDR Gold Shares stock opened at $163.27 on Friday. The stock has a 50-day moving average price of $162.55 and a 200 day moving average price of $171.01. SPDR Gold Shares has a 52 week low of $157.04 and a 52 week high of $194.45.
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).
See Also: Initial Public Offering (IPO)
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