Accurate Wealth Management LLC Cuts Stake in SPDR Gold Shares (NYSEARCA:GLD)

Accurate Wealth Management LLC cut its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 85.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,976 shares of the exchange traded fund’s stock after selling 22,808 shares during the period. Accurate Wealth Management LLC’s holdings in SPDR Gold Shares were worth $987,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of GLD. 626 Financial LLC increased its holdings in shares of SPDR Gold Shares by 3.5% in the fourth quarter. 626 Financial LLC now owns 4,011 shares of the exchange traded fund’s stock worth $971,000 after purchasing an additional 135 shares during the last quarter. Mayfair Advisory Group LLC lifted its position in SPDR Gold Shares by 48.6% during the fourth quarter. Mayfair Advisory Group LLC now owns 2,808 shares of the exchange traded fund’s stock valued at $680,000 after purchasing an additional 918 shares during the last quarter. Crane Advisory LLC grew its position in SPDR Gold Shares by 2.8% in the fourth quarter. Crane Advisory LLC now owns 2,231 shares of the exchange traded fund’s stock worth $543,000 after acquiring an additional 61 shares in the last quarter. Ignite Planners LLC boosted its holdings in shares of SPDR Gold Shares by 29.3% in the 4th quarter. Ignite Planners LLC now owns 1,737 shares of the exchange traded fund’s stock worth $423,000 after purchasing an additional 394 shares during the period. Finally, David J Yvars Group purchased a new position in SPDR Gold Shares during the fourth quarter worth $230,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.5 %

Shares of NYSEARCA:GLD opened at $247.03 on Wednesday. SPDR Gold Shares has a 12 month low of $183.78 and a 12 month high of $257.71. The firm’s 50-day moving average is $243.74 and its 200 day moving average is $237.81.

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).