Austin Private Wealth LLC Lowers Position in SPDR Gold Shares (NYSEARCA:GLD)

Austin Private Wealth LLC lessened its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 29.7% during the second quarter, HoldingsChannel reports. The institutional investor owned 1,886 shares of the exchange traded fund’s stock after selling 797 shares during the quarter. Austin Private Wealth LLC’s holdings in SPDR Gold Shares were worth $406,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in GLD. Burkett Financial Services LLC raised its position in SPDR Gold Shares by 9.9% during the second quarter. Burkett Financial Services LLC now owns 512 shares of the exchange traded fund’s stock valued at $110,000 after purchasing an additional 46 shares in the last quarter. KG&L Capital Management LLC raised its position in SPDR Gold Shares by 2.2% during the first quarter. KG&L Capital Management LLC now owns 2,205 shares of the exchange traded fund’s stock valued at $454,000 after purchasing an additional 48 shares in the last quarter. Signaturefd LLC raised its position in SPDR Gold Shares by 0.4% during the first quarter. Signaturefd LLC now owns 12,803 shares of the exchange traded fund’s stock valued at $2,634,000 after purchasing an additional 49 shares in the last quarter. American National Bank raised its position in SPDR Gold Shares by 50.0% during the first quarter. American National Bank now owns 150 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 50 shares in the last quarter. Finally, Camden National Bank raised its position in SPDR Gold Shares by 1.4% during the first quarter. Camden National Bank now owns 3,739 shares of the exchange traded fund’s stock valued at $769,000 after purchasing an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.2 %

NYSEARCA GLD traded up $0.55 during trading hours on Friday, reaching $224.56. 4,441,017 shares of the stock traded hands, compared to its average volume of 7,236,060. The stock has a 50 day simple moving average of $219.18 and a two-hundred day simple moving average of $209.71. SPDR Gold Shares has a 1 year low of $168.30 and a 1 year high of $229.65.

About SPDR Gold Shares

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).