SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by NavPoint Financial Inc.

NavPoint Financial Inc. decreased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,040 shares of the exchange traded fund’s stock after selling 172 shares during the period. SPDR Gold Shares accounts for 1.5% of NavPoint Financial Inc.’s investment portfolio, making the stock its 17th biggest position. NavPoint Financial Inc.’s holdings in SPDR Gold Shares were worth $1,947,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the stock. Ashton Thomas Securities LLC acquired a new position in SPDR Gold Shares in the 3rd quarter valued at about $28,000. Capital Performance Advisors LLP acquired a new position in shares of SPDR Gold Shares in the third quarter valued at approximately $35,000. Pittenger & Anderson Inc. purchased a new position in shares of SPDR Gold Shares during the third quarter valued at approximately $38,000. Sugarloaf Wealth Management LLC boosted its position in SPDR Gold Shares by 78.9% during the third quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 71 shares during the last quarter. Finally, Maryland Capital Advisors Inc. purchased a new stake in SPDR Gold Shares in the 3rd quarter worth approximately $40,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock opened at $258.56 on Monday. SPDR Gold Shares has a fifty-two week low of $183.78 and a fifty-two week high of $259.99. The business’s fifty day moving average is $246.38 and its two-hundred day moving average is $240.71.

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).