Retirement Financial Solutions LLC Cuts Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Retirement Financial Solutions LLC trimmed its stake in SPDR Gold Shares (NYSEARCA:GLD) by 16.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,453 shares of the exchange traded fund’s stock after selling 890 shares during the period. SPDR Gold Shares accounts for 0.6% of Retirement Financial Solutions LLC’s portfolio, making the stock its 18th largest position. Retirement Financial Solutions LLC’s holdings in SPDR Gold Shares were worth $1,078,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the company. Ashton Thomas Securities LLC acquired a new position in shares of SPDR Gold Shares in the third quarter valued at about $28,000. Roxbury Financial LLC acquired a new position in SPDR Gold Shares in the 4th quarter worth about $31,000. PayPay Securities Corp grew its stake in SPDR Gold Shares by 55.3% in the 4th quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 47 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of SPDR Gold Shares in the third quarter valued at about $35,000. Finally, Pittenger & Anderson Inc. purchased a new stake in SPDR Gold Shares during the 3rd quarter worth approximately $38,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

GLD opened at $266.29 on Tuesday. The company’s 50 day simple moving average is $250.74 and its two-hundred day simple moving average is $243.84. SPDR Gold Shares has a 1-year low of $184.84 and a 1-year high of $270.39.

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).