SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Red Door Wealth Management LLC

Red Door Wealth Management LLC reduced its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 4.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,914 shares of the exchange traded fund’s stock after selling 836 shares during the period. Red Door Wealth Management LLC’s holdings in SPDR Gold Shares were worth $3,891,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in GLD. Northwest Investment Counselors LLC acquired a new position in shares of SPDR Gold Shares in the first quarter valued at about $26,000. First Personal Financial Services acquired a new position in shares of SPDR Gold Shares in the fourth quarter valued at about $25,000. Frazier Financial Advisors LLC acquired a new position in shares of SPDR Gold Shares in the fourth quarter valued at about $26,000. Security National Bank acquired a new stake in SPDR Gold Shares during the first quarter worth about $28,000. Finally, Gold Investment Management Ltd. acquired a new stake in SPDR Gold Shares during the fourth quarter worth about $27,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

GLD stock traded up $0.02 during mid-day trading on Friday, reaching $215.01. 3,955,080 shares of the company’s stock were exchanged, compared to its average volume of 5,524,778. The stock’s 50 day moving average is $216.20 and its 200 day moving average is $202.82. SPDR Gold Shares has a 12-month low of $168.30 and a 12-month high of $225.66.

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).