SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Overbrook Management Corp

Overbrook Management Corp decreased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 6.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,411 shares of the exchange traded fund’s stock after selling 104 shares during the period. Overbrook Management Corp’s holdings in SPDR Gold Shares were worth $343,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Citizens Financial Group Inc. RI boosted its holdings in shares of SPDR Gold Shares by 13.3% in the third quarter. Citizens Financial Group Inc. RI now owns 19,610 shares of the exchange traded fund’s stock worth $4,766,000 after buying an additional 2,299 shares during the period. Glaxis Capital Management LLC acquired a new stake in shares of SPDR Gold Shares during the third quarter worth approximately $1,215,000. Darwin Wealth Management LLC boosted its holdings in shares of SPDR Gold Shares by 96.4% during the third quarter. Darwin Wealth Management LLC now owns 2,828 shares of the exchange traded fund’s stock worth $687,000 after purchasing an additional 1,388 shares during the period. Howe & Rusling Inc. boosted its holdings in shares of SPDR Gold Shares by 4.5% during the third quarter. Howe & Rusling Inc. now owns 1,623 shares of the exchange traded fund’s stock worth $394,000 after purchasing an additional 70 shares during the period. Finally, Briaud Financial Planning Inc boosted its holdings in shares of SPDR Gold Shares by 1.1% during the third quarter. Briaud Financial Planning Inc now owns 255,412 shares of the exchange traded fund’s stock worth $62,083,000 after purchasing an additional 2,751 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD stock opened at $244.62 on Thursday. The firm has a 50 day simple moving average of $245.60 and a 200 day simple moving average of $230.15. SPDR Gold Shares has a 52 week low of $183.15 and a 52 week high of $257.71.

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).