Verus Capital Partners LLC Sells 1,530 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Verus Capital Partners LLC decreased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 9.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,944 shares of the exchange traded fund’s stock after selling 1,530 shares during the period. Verus Capital Partners LLC’s holdings in SPDR Gold Shares were worth $3,389,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Cozad Asset Management Inc. raised its holdings in SPDR Gold Shares by 5.5% in the 1st quarter. Cozad Asset Management Inc. now owns 3,749 shares of the exchange traded fund’s stock worth $771,000 after acquiring an additional 195 shares during the last quarter. Koshinski Asset Management Inc. grew its stake in shares of SPDR Gold Shares by 54.5% during the 1st quarter. Koshinski Asset Management Inc. now owns 22,261 shares of the exchange traded fund’s stock valued at $4,580,000 after acquiring an additional 7,857 shares during the period. Angeles Wealth Management LLC increased its stake in shares of SPDR Gold Shares by 27.3% in the first quarter. Angeles Wealth Management LLC now owns 1,770 shares of the exchange traded fund’s stock worth $364,000 after purchasing an additional 380 shares in the last quarter. Tradewinds LLC. purchased a new position in shares of SPDR Gold Shares in the first quarter valued at about $368,000. Finally, Fortis Capital Advisors LLC grew its holdings in SPDR Gold Shares by 29.2% during the 1st quarter. Fortis Capital Advisors LLC now owns 3,434 shares of the exchange traded fund’s stock valued at $706,000 after buying an additional 776 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $242.14 on Tuesday. SPDR Gold Shares has a fifty-two week low of $179.11 and a fifty-two week high of $257.71. The company’s fifty day moving average is $244.40 and its 200 day moving average is $228.99.

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).