Northcape Wealth Management LLC Sells 649 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Northcape Wealth Management LLC reduced its position in SPDR Gold Shares (NYSEARCA:GLD) by 0.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 76,474 shares of the exchange traded fund’s stock after selling 649 shares during the period. SPDR Gold Shares comprises 5.9% of Northcape Wealth Management LLC’s holdings, making the stock its largest position. Northcape Wealth Management LLC’s holdings in SPDR Gold Shares were worth $16,443,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Raymond James & Associates boosted its stake in SPDR Gold Shares by 2.8% in the 1st quarter. Raymond James & Associates now owns 868,088 shares of the exchange traded fund’s stock valued at $178,583,000 after purchasing an additional 23,468 shares during the period. Evexia Wealth LLC boosted its stake in shares of SPDR Gold Shares by 36.6% in the fourth quarter. Evexia Wealth LLC now owns 4,672 shares of the exchange traded fund’s stock valued at $881,000 after buying an additional 1,253 shares during the period. TKG Advisors LLC grew its holdings in shares of SPDR Gold Shares by 0.7% during the 4th quarter. TKG Advisors LLC now owns 15,224 shares of the exchange traded fund’s stock worth $2,910,000 after purchasing an additional 110 shares in the last quarter. City Holding Co. raised its stake in SPDR Gold Shares by 5.6% in the first quarter. City Holding Co. now owns 3,708 shares of the exchange traded fund’s stock valued at $763,000 after purchasing an additional 195 shares in the last quarter. Finally, Ndwm LLC bought a new stake in SPDR Gold Shares during the fourth quarter worth about $546,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD traded up $2.65 during mid-day trading on Friday, reaching $232.02. The stock had a trading volume of 5,418,171 shares, compared to its average volume of 7,195,282. SPDR Gold Shares has a 12 month low of $168.30 and a 12 month high of $234.01. The stock has a 50-day simple moving average of $222.11 and a two-hundred day simple moving average of $212.64.

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).