Sonora Investment Management Group LLC cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 8.4% in the 4th quarter, HoldingsChannel reports. The firm owned 3,001 shares of the exchange traded fund’s stock after selling 275 shares during the quarter. Sonora Investment Management Group LLC’s holdings in SPDR Gold Shares were worth $727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently made changes to their positions in the business. Ashton Thomas Securities LLC bought a new stake in SPDR Gold Shares in the third quarter worth about $28,000. Capital Performance Advisors LLP purchased a new stake in SPDR Gold Shares in the third quarter worth $35,000. Pittenger & Anderson Inc. bought a new stake in shares of SPDR Gold Shares in the third quarter valued at $38,000. Sugarloaf Wealth Management LLC lifted its position in shares of 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 valued at $39,000 after buying an additional 71 shares during the last quarter. Finally, Maryland Capital Advisors Inc. bought a new position in shares of SPDR Gold Shares during the 3rd quarter worth $40,000. 42.19% of the stock is currently owned by institutional investors.
SPDR Gold Shares Stock Performance
Shares of SPDR Gold Shares stock opened at $258.05 on Friday. SPDR Gold Shares has a 52-week low of $183.78 and a 52-week high of $258.29. The stock’s 50-day simple moving average is $245.98 and its 200 day simple moving average is $240.26.
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).
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