KPP Advisory Services LLC Sells 59 Shares of SPDR Gold Shares (NYSEARCA:GLD)

KPP Advisory Services LLC lowered its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,487 shares of the exchange traded fund’s stock after selling 59 shares during the quarter. KPP Advisory Services LLC’s holdings in SPDR Gold Shares were worth $360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. GoalFusion Wealth Management LLC lifted its position in SPDR Gold Shares by 3.6% during the third quarter. GoalFusion Wealth Management LLC now owns 15,007 shares of the exchange traded fund’s stock valued at $3,648,000 after acquiring an additional 519 shares during the last quarter. WealthBridge Capital Management LLC lifted its holdings in shares of SPDR Gold Shares by 3.4% during the 3rd quarter. WealthBridge Capital Management LLC now owns 20,150 shares of the exchange traded fund’s stock valued at $4,898,000 after purchasing an additional 660 shares during the last quarter. Davis Investment Partners LLC grew its stake in SPDR Gold Shares by 28.3% during the 3rd quarter. Davis Investment Partners LLC now owns 1,209 shares of the exchange traded fund’s stock worth $297,000 after buying an additional 267 shares during the last quarter. Diversified Trust Co grew its stake in SPDR Gold Shares by 31.1% during the 3rd quarter. Diversified Trust Co now owns 3,854 shares of the exchange traded fund’s stock worth $937,000 after buying an additional 915 shares during the last quarter. Finally, Smith Anglin Financial LLC raised its stake in SPDR Gold Shares by 60.5% in the third quarter. Smith Anglin Financial LLC now owns 13,273 shares of the exchange traded fund’s stock valued at $3,226,000 after buying an additional 5,001 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD opened at $259.94 on Tuesday. SPDR Gold Shares has a fifty-two week low of $183.78 and a fifty-two week high of $261.39. The business has a 50-day simple moving average of $246.38 and a two-hundred day simple moving average of $240.80.

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).