SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by BigSur Wealth Management LLC

BigSur Wealth Management LLC lessened its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 16.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 16,915 shares of the exchange traded fund’s stock after selling 3,400 shares during the period. SPDR Gold Shares accounts for about 1.2% of BigSur Wealth Management LLC’s portfolio, making the stock its 20th biggest position. BigSur Wealth Management LLC’s holdings in SPDR Gold Shares were worth $4,096,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of GLD. Semmax Financial Advisors Inc. boosted its holdings in shares of SPDR Gold Shares by 78.7% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 48 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in SPDR Gold Shares during the third quarter valued at $28,000. Capital Performance Advisors LLP purchased a new stake in SPDR Gold Shares in the third quarter valued at $35,000. Pittenger & Anderson Inc. acquired a new stake in SPDR Gold Shares during the 3rd quarter worth about $38,000. Finally, Sugarloaf Wealth Management LLC grew its position in SPDR Gold Shares by 78.9% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 71 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of GLD stock opened at $249.27 on Monday. SPDR Gold Shares has a 52-week low of $183.78 and a 52-week high of $257.71. The business has a 50-day simple moving average of $243.85 and a 200-day simple moving average of $238.37.

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).