SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Parcion Private Wealth LLC

Parcion Private Wealth LLC lessened its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 5.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 10,185 shares of the exchange traded fund’s stock after selling 551 shares during the period. Parcion Private Wealth LLC’s holdings in SPDR Gold Shares were worth $2,190,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of GLD. Triad Wealth Partners LLC acquired a new position in SPDR Gold Shares in the 2nd quarter worth approximately $25,000. Frazier Financial Advisors LLC acquired a new position in SPDR Gold Shares in the 4th quarter worth approximately $26,000. Northwest Investment Counselors LLC acquired a new position in SPDR Gold Shares in the 1st quarter worth approximately $26,000. Gold Investment Management Ltd. acquired a new position in SPDR Gold Shares in the 4th quarter worth approximately $27,000. Finally, Private Ocean LLC increased its holdings in SPDR Gold Shares by 155.1% in the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 76 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

NYSEARCA:GLD traded down $1.72 during midday trading on Friday, hitting $230.63. The company’s stock had a trading volume of 6,315,824 shares, compared to its average volume of 7,086,725. SPDR Gold Shares has a fifty-two week low of $168.30 and a fifty-two week high of $234.01. The firm’s 50 day moving average is $225.43 and its 200-day moving average is $215.59.

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).