Cedrus LLC Lowers Stake in SPDR Gold Shares (NYSEARCA:GLD)

Cedrus LLC lessened its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 10.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,410 shares of the exchange traded fund’s stock after selling 170 shares during the period. Cedrus LLC’s holdings in SPDR Gold Shares were worth $343,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Resonant Capital Advisors LLC purchased a new stake in shares of SPDR Gold Shares in the third quarter worth about $401,000. Wealth Alliance Advisory Group LLC purchased a new stake in shares of SPDR Gold Shares in the third quarter worth about $216,000. McBroom & Associates LLC boosted its position in shares of SPDR Gold Shares by 0.5% in the third quarter. McBroom & Associates LLC now owns 19,251 shares of the exchange traded fund’s stock worth $4,679,000 after buying an additional 97 shares during the period. Cadent Capital Advisors LLC boosted its position in shares of SPDR Gold Shares by 13.8% in the third quarter. Cadent Capital Advisors LLC now owns 5,924 shares of the exchange traded fund’s stock worth $1,440,000 after buying an additional 719 shares during the period. Finally, E&G Advisors LP boosted its position in shares of SPDR Gold Shares by 17.5% in the third quarter. E&G Advisors LP now owns 22,960 shares of the exchange traded fund’s stock worth $5,578,000 after buying an additional 3,420 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.1 %

Shares of NYSEARCA GLD opened at $251.27 on Friday. SPDR Gold Shares has a 1-year low of $179.11 and a 1-year high of $251.37. The business has a 50-day moving average of $237.71 and a 200-day moving average of $225.03.

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).