Weaver Consulting Group Sells 91 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Weaver Consulting Group reduced its position in SPDR Gold Shares (NYSEARCA:GLD) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,048 shares of the exchange traded fund’s stock after selling 91 shares during the period. Weaver Consulting Group’s holdings in SPDR Gold Shares were worth $2,433,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of GLD. Chris Bulman Inc bought a new position in shares of SPDR Gold Shares in the second quarter valued at approximately $29,000. First Foundation Advisors boosted its holdings in SPDR Gold Shares by 1.0% during the 2nd quarter. First Foundation Advisors now owns 6,046 shares of the exchange traded fund’s stock worth $1,300,000 after acquiring an additional 62 shares during the last quarter. Choreo LLC grew its stake in shares of SPDR Gold Shares by 52.0% in the 2nd quarter. Choreo LLC now owns 17,090 shares of the exchange traded fund’s stock worth $3,683,000 after acquiring an additional 5,849 shares in the last quarter. Doheny Asset Management CA raised its holdings in shares of SPDR Gold Shares by 130.7% in the second quarter. Doheny Asset Management CA now owns 13,080 shares of the exchange traded fund’s stock valued at $2,812,000 after purchasing an additional 7,410 shares during the last quarter. Finally, GR Financial Group LLC lifted its position in shares of SPDR Gold Shares by 1.4% during the second quarter. GR Financial Group LLC now owns 527,215 shares of the exchange traded fund’s stock valued at $113,356,000 after purchasing an additional 7,039 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.6 %

Shares of GLD stock opened at $244.56 on Wednesday. SPDR Gold Shares has a 52-week low of $183.78 and a 52-week high of $257.71. The company has a 50-day simple moving average of $244.48 and a two-hundred day simple moving average of $236.69.

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).