Saxony Capital Management LLC Reduces Position in SPDR Gold Shares (NYSEARCA:GLD)

Saxony Capital Management LLC decreased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,194 shares of the exchange traded fund’s stock after selling 70 shares during the quarter. Saxony Capital Management LLC’s holdings in SPDR Gold Shares were worth $776,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Delta Financial Group Inc. increased its position in shares of SPDR Gold Shares by 1.2% in the 3rd quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock valued at $849,000 after acquiring an additional 41 shares during the period. Compton Wealth Advisory Group LLC grew its stake in SPDR Gold Shares by 3.2% during the 3rd quarter. Compton Wealth Advisory Group LLC now owns 1,409 shares of the exchange traded fund’s stock valued at $342,000 after purchasing an additional 44 shares during the last quarter. Ballast Inc. increased its holdings in shares of SPDR Gold Shares by 3.6% in the second quarter. Ballast Inc. now owns 1,295 shares of the exchange traded fund’s stock valued at $278,000 after purchasing an additional 45 shares during the period. Sunbelt Securities Inc. raised its stake in shares of SPDR Gold Shares by 2.2% in the second quarter. Sunbelt Securities Inc. now owns 2,116 shares of the exchange traded fund’s stock worth $455,000 after purchasing an additional 45 shares during the last quarter. Finally, Peoples Bank KS lifted its holdings in shares of SPDR Gold Shares by 4.6% during the third quarter. Peoples Bank KS now owns 1,023 shares of the exchange traded fund’s stock worth $249,000 after purchasing an additional 45 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 1.1 %

Shares of NYSEARCA GLD opened at $253.89 on Wednesday. SPDR Gold Shares has a 52 week low of $179.11 and a 52 week high of $253.94. The business’s 50 day moving average price is $238.69 and its 200 day moving average price is $225.67.

SPDR Gold Shares Company 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).