Weaver Capital Management LLC cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 2.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,840 shares of the exchange traded fund’s stock after selling 171 shares during the quarter. Weaver Capital Management LLC’s holdings in SPDR Gold Shares were worth $1,256,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Triad Wealth Partners LLC purchased a new position in shares of SPDR Gold Shares in the 2nd quarter valued at about $25,000. Frazier Financial Advisors LLC purchased a new position in SPDR Gold Shares in the fourth quarter worth approximately $26,000. Northwest Investment Counselors LLC acquired a new position in SPDR Gold Shares during the 1st quarter worth approximately $26,000. Gold Investment Management Ltd. purchased a new stake in shares of SPDR Gold Shares in the 4th quarter valued at approximately $27,000. Finally, Private Ocean LLC raised its holdings in shares of SPDR Gold Shares by 155.1% in the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 76 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.
SPDR Gold Shares Price Performance
NYSEARCA:GLD opened at $229.95 on Wednesday. The business’s fifty day moving average price is $224.42 and its 200 day moving average price is $215.06. SPDR Gold Shares has a 12 month low of $168.30 and a 12 month high of $234.01.
SPDR Gold Shares Company 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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