Strengthening Families & Communities LLC Has $272,000 Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Strengthening Families & Communities LLC lessened its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 21.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,125 shares of the exchange traded fund’s stock after selling 315 shares during the quarter. Strengthening Families & Communities LLC’s holdings in SPDR Gold Shares were worth $272,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new stake in shares of SPDR Gold Shares during the third quarter worth $28,000. Capital Performance Advisors LLP bought a new stake in SPDR Gold Shares during the third quarter valued at $35,000. Pittenger & Anderson Inc. acquired a new stake in SPDR Gold Shares during the 3rd quarter worth about $38,000. Keystone Financial Group Inc. bought a new position in shares of SPDR Gold Shares in the 4th quarter worth about $39,000. Finally, Maryland Capital Advisors Inc. acquired a new position in shares of SPDR Gold Shares in the 3rd quarter valued at about $40,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of SPDR Gold Shares stock opened at $268.37 on Tuesday. The stock’s 50-day moving average is $248.30 and its 200 day moving average is $242.21. SPDR Gold Shares has a one year low of $183.78 and a one year high of $268.66.

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).