Mader & Shannon Wealth Management Inc. Sells 4,519 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Mader & Shannon Wealth Management Inc. decreased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 4.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 108,331 shares of the exchange traded fund’s stock after selling 4,519 shares during the quarter. SPDR Gold Shares makes up about 15.3% of Mader & Shannon Wealth Management Inc.’s portfolio, making the stock its biggest holding. Mader & Shannon Wealth Management Inc.’s holdings in SPDR Gold Shares were worth $26,331,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of GLD. O Shaughnessy Asset Management LLC lifted its position in SPDR Gold Shares by 15.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 3,905 shares of the exchange traded fund’s stock valued at $803,000 after buying an additional 513 shares during the last quarter. BOKF NA lifted its position in shares of SPDR Gold Shares by 38.9% during the first quarter. BOKF NA now owns 8,369 shares of the exchange traded fund’s stock worth $1,739,000 after purchasing an additional 2,342 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in shares of SPDR Gold Shares during the first quarter worth about $309,000. Captrust Financial Advisors lifted its position in shares of SPDR Gold Shares by 2.8% during the first quarter. Captrust Financial Advisors now owns 257,960 shares of the exchange traded fund’s stock worth $53,068,000 after purchasing an additional 6,963 shares in the last quarter. Finally, Knoll Capital Management LLC acquired a new stake in shares of SPDR Gold Shares during the first quarter worth about $6,583,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of GLD opened at $249.84 on Friday. SPDR Gold Shares has a 1 year low of $183.15 and a 1 year high of $257.71. The company’s 50-day simple moving average is $246.03 and its 200-day simple moving average is $230.62.

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).