SPDR Gold Shares (NYSEARCA:GLD) Stock Holdings Trimmed by Avalon Capital Management

Avalon Capital Management trimmed its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,427 shares of the exchange traded fund’s stock after selling 1,558 shares during the quarter. SPDR Gold Shares accounts for about 5.0% of Avalon Capital Management’s portfolio, making the stock its 5th largest position. Avalon Capital Management’s holdings in SPDR Gold Shares were worth $12,225,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. American National Bank boosted its holdings in SPDR Gold Shares by 50.0% in the first quarter. American National Bank now owns 150 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 50 shares during the last quarter. Hengehold Capital Management LLC increased its position in shares of SPDR Gold Shares by 3.9% in the first quarter. Hengehold Capital Management LLC now owns 1,340 shares of the exchange traded fund’s stock valued at $276,000 after buying an additional 50 shares in the last quarter. Wealth Management Partners LLC lifted its position in shares of SPDR Gold Shares by 3.1% during the 1st quarter. Wealth Management Partners LLC now owns 1,720 shares of the exchange traded fund’s stock valued at $354,000 after buying an additional 51 shares in the last quarter. Founders Financial Securities LLC grew its stake in SPDR Gold Shares by 1.5% in the 1st quarter. Founders Financial Securities LLC now owns 3,561 shares of the exchange traded fund’s stock valued at $733,000 after acquiring an additional 52 shares during the period. Finally, Compass Ion Advisors LLC increased its holdings in SPDR Gold Shares by 0.7% in the 4th quarter. Compass Ion Advisors LLC now owns 8,313 shares of the exchange traded fund’s stock worth $1,589,000 after acquiring an additional 54 shares in the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 0.0 %

Shares of NYSEARCA GLD traded up $0.02 during trading on Friday, hitting $215.01. 3,955,080 shares of the company were exchanged, compared to its average volume of 5,524,778. SPDR Gold Shares has a 12-month low of $168.30 and a 12-month high of $225.66. The company has a fifty day moving average price of $216.20 and a 200-day moving average price of $202.82.

SPDR Gold Shares 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).