Independent Family Office LLC Cuts Stake in SPDR Gold Shares $GLD

Independent Family Office LLC trimmed its holdings in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 4.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 29,808 shares of the exchange traded fund’s stock after selling 1,310 shares during the period. SPDR Gold Shares comprises approximately 4.5% of Independent Family Office LLC’s portfolio, making the stock its 6th largest holding. Independent Family Office LLC’s holdings in SPDR Gold Shares were worth $10,596,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mccarter Private Wealth Services LLC boosted its holdings in SPDR Gold Shares by 3.2% during the 3rd quarter. Mccarter Private Wealth Services LLC now owns 870 shares of the exchange traded fund’s stock valued at $309,000 after acquiring an additional 27 shares during the period. Prudent Investors Network Inc. increased its stake in SPDR Gold Shares by 3.8% in the third quarter. Prudent Investors Network Inc. now owns 734 shares of the exchange traded fund’s stock worth $261,000 after purchasing an additional 27 shares during the period. Norris Perne & French LLP MI lifted its position in shares of SPDR Gold Shares by 3.3% during the third quarter. Norris Perne & French LLP MI now owns 873 shares of the exchange traded fund’s stock worth $310,000 after purchasing an additional 28 shares during the last quarter. Revisor Wealth Management LLC lifted its position in shares of SPDR Gold Shares by 2.4% during the third quarter. Revisor Wealth Management LLC now owns 1,237 shares of the exchange traded fund’s stock worth $452,000 after purchasing an additional 29 shares during the last quarter. Finally, Halbert Hargrove Global Advisors LLC boosted its stake in shares of SPDR Gold Shares by 12.0% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 271 shares of the exchange traded fund’s stock valued at $96,000 after purchasing an additional 29 shares during the period. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Trading Down 0.3%

NYSEARCA GLD opened at $476.24 on Thursday. The company’s 50-day moving average price is $451.64 and its 200-day moving average price is $397.31. The stock has a market cap of $181.02 billion, a PE ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 12 month low of $268.36 and a 12 month high of $509.70.

Key Headlines Impacting SPDR Gold Shares

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SPDR Gold Shares Profile

(Free Report)

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). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.

See Also

Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLDFree Report).

Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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