SPDR Gold Shares (NYSEARCA:GLD) Position Reduced by KG&L Capital Management LLC

KG&L Capital Management LLC reduced its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 11.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,960 shares of the exchange traded fund’s stock after selling 245 shares during the quarter. KG&L Capital Management LLC’s holdings in SPDR Gold Shares were worth $421,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of GLD. Raymond James & Associates boosted its holdings in SPDR Gold Shares by 2.8% during the first quarter. Raymond James & Associates now owns 868,088 shares of the exchange traded fund’s stock worth $178,583,000 after buying an additional 23,468 shares in the last quarter. Evexia Wealth LLC grew its holdings in shares of SPDR Gold Shares by 36.6% in the 4th quarter. Evexia Wealth LLC now owns 4,672 shares of the exchange traded fund’s stock worth $881,000 after acquiring an additional 1,253 shares during the last quarter. TKG Advisors LLC raised its position in shares of SPDR Gold Shares by 0.7% during the fourth quarter. TKG Advisors LLC now owns 15,224 shares of the exchange traded fund’s stock worth $2,910,000 after purchasing an additional 110 shares during the period. City Holding Co. lifted its holdings in shares of SPDR Gold Shares by 5.6% during the first quarter. City Holding Co. now owns 3,708 shares of the exchange traded fund’s stock valued at $763,000 after purchasing an additional 195 shares during the last quarter. Finally, Ndwm LLC acquired a new position in shares of SPDR Gold Shares in the 4th quarter valued at $546,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

NYSEARCA:GLD traded down $3.20 during trading hours on Thursday, hitting $228.95. 3,147,694 shares of the stock traded hands, compared to its average volume of 7,189,362. The firm has a 50 day moving average price of $221.46 and a 200 day moving average price of $212.04. SPDR Gold Shares has a fifty-two week low of $168.30 and a fifty-two week high of $234.01.

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).