RS Crum Inc. Decreases Stake in SPDR Gold Shares (NYSEARCA:GLD)

RS Crum Inc. lessened its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 4.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,226 shares of the exchange traded fund’s stock after selling 2,845 shares during the quarter. SPDR Gold Shares comprises 3.5% of RS Crum Inc.’s portfolio, making the stock its 11th biggest holding. RS Crum Inc.’s holdings in SPDR Gold Shares were worth $14,882,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD purchased a new stake in shares of SPDR Gold Shares during the 1st quarter valued at about $309,000. Coppell Advisory Solutions Corp. purchased a new stake in SPDR Gold Shares during the first quarter valued at approximately $399,000. Independent Wealth Network Inc. lifted its stake in shares of SPDR Gold Shares by 3.9% in the 1st quarter. Independent Wealth Network Inc. now owns 9,374 shares of the exchange traded fund’s stock valued at $1,928,000 after purchasing an additional 356 shares during the last quarter. Atria Investments Inc boosted its holdings in shares of SPDR Gold Shares by 6.8% in the 1st quarter. Atria Investments Inc now owns 65,509 shares of the exchange traded fund’s stock worth $13,477,000 after purchasing an additional 4,174 shares during the period. Finally, Burney Co. bought a new position in shares of SPDR Gold Shares during the 1st quarter valued at approximately $205,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $242.95 on Wednesday. The stock’s fifty day moving average is $246.22 and its 200 day moving average is $231.09. SPDR Gold Shares has a fifty-two week low of $183.15 and a fifty-two week high of $257.71.

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).