Kingfisher Capital LLC Lowers Position in SPDR Gold Shares (NYSEARCA:GLD)

Kingfisher Capital LLC lowered its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 6.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,346 shares of the exchange traded fund’s stock after selling 163 shares during the quarter. Kingfisher Capital LLC’s holdings in SPDR Gold Shares were worth $570,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Triad Wealth Partners LLC acquired a new stake in shares of SPDR Gold Shares in the 2nd quarter worth $25,000. Semmax Financial Advisors Inc. raised its position in SPDR Gold Shares by 78.7% during the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 48 shares in the last quarter. Private Ocean LLC lifted its stake 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 during the period. Ashton Thomas Securities LLC purchased a new stake in shares of SPDR Gold Shares during the 3rd quarter worth about $28,000. Finally, Chris Bulman Inc purchased a new stake in shares of SPDR Gold Shares in the second quarter valued at approximately $29,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock opened at $243.49 on Friday. The business has a 50 day simple moving average of $246.46 and a two-hundred day simple moving average of $231.27. SPDR Gold Shares has a 12 month low of $183.15 and a 12 month 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).