Americana Partners LLC Cuts Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Americana Partners LLC cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 6.4% during the third quarter, Holdings Channel.com reports. The fund owned 8,030 shares of the exchange traded fund’s stock after selling 552 shares during the period. Americana Partners LLC’s holdings in SPDR Gold Shares were worth $1,952,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in GLD. Norden Group LLC purchased a new position in SPDR Gold Shares during the first quarter valued at $436,000. FORVIS Wealth Advisors LLC grew its position in shares of SPDR Gold Shares by 47.8% during the first quarter. FORVIS Wealth Advisors LLC now owns 2,319 shares of the exchange traded fund’s stock valued at $477,000 after purchasing an additional 750 shares in the last quarter. Mission Wealth Management LP increased its holdings in shares of SPDR Gold Shares by 10.8% in the first quarter. Mission Wealth Management LP now owns 5,251 shares of the exchange traded fund’s stock worth $1,080,000 after purchasing an additional 512 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of SPDR Gold Shares by 32.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,784 shares of the exchange traded fund’s stock worth $10,653,000 after buying an additional 12,714 shares in the last quarter. Finally, Choreo LLC boosted its stake in SPDR Gold Shares by 1.5% during the first quarter. Choreo LLC now owns 11,241 shares of the exchange traded fund’s stock valued at $2,312,000 after buying an additional 164 shares during the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Down 0.4 %

NYSEARCA:GLD opened at $252.52 on Friday. SPDR Gold Shares has a 1 year low of $179.11 and a 1 year high of $257.71. The stock’s 50 day simple moving average is $242.43 and its two-hundred day simple moving average is $227.56.

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).