Highline Wealth Partners LLC Has $2.06 Million Stake in SPDR Gold Shares (NYSEARCA:GLD)

Highline Wealth Partners LLC reduced its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 7.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,490 shares of the exchange traded fund’s stock after selling 672 shares during the quarter. Highline Wealth Partners LLC’s holdings in SPDR Gold Shares were worth $2,056,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Romano Brothers AND Company boosted its position in shares of SPDR Gold Shares by 1.0% in the 3rd quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock worth $1,002,000 after purchasing an additional 40 shares during the last quarter. Delta Financial Group Inc. boosted its stake in SPDR Gold Shares by 1.2% during the 3rd quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock worth $849,000 after acquiring an additional 41 shares during the last quarter. Spinnaker Trust grew its holdings in SPDR Gold Shares by 1.1% during the third quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock valued at $956,000 after purchasing an additional 43 shares during the period. Compton Wealth Advisory Group LLC increased its stake in SPDR Gold Shares by 3.2% in the third 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 in the last quarter. Finally, Acorn Wealth Advisors LLC boosted its position in shares of SPDR Gold Shares by 1.4% during the third quarter. Acorn Wealth Advisors LLC now owns 3,242 shares of the exchange traded fund’s stock worth $788,000 after purchasing an additional 44 shares in the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Price Performance

Shares of GLD traded up $2.22 during trading hours on Friday, reaching $248.08. The stock had a trading volume of 9,277,613 shares, compared to its average volume of 5,787,242. SPDR Gold Shares has a 52 week low of $183.78 and a 52 week high of $257.71. The firm has a 50-day moving average of $244.10 and a 200 day moving average of $236.81.

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).