SPDR Gold Shares (NYSEARCA:GLD) is AFG Fiduciary Services Limited Partnership’s 7th Largest Position

AFG Fiduciary Services Limited Partnership lowered its stake in SPDR Gold Shares (NYSEARCA:GLD) by 24.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,534 shares of the exchange traded fund’s stock after selling 6,136 shares during the quarter. SPDR Gold Shares comprises approximately 1.4% of AFG Fiduciary Services Limited Partnership’s holdings, making the stock its 7th largest holding. AFG Fiduciary Services Limited Partnership’s holdings in SPDR Gold Shares were worth $4,613,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Semmax Financial Advisors Inc. increased its position in SPDR Gold Shares by 78.7% in the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 48 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of SPDR Gold Shares in the 3rd quarter worth $28,000. Capital Performance Advisors LLP purchased a new position in shares of SPDR Gold Shares in the 3rd quarter worth $35,000. Pittenger & Anderson Inc. bought a new stake in shares of SPDR Gold Shares in the 3rd quarter worth about $38,000. Finally, Sugarloaf Wealth Management LLC raised 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 in the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 1.5 %

GLD opened at $253.13 on Wednesday. The stock has a 50-day moving average of $243.99 and a 200 day moving average of $238.73. SPDR Gold Shares has a 12 month low of $183.78 and a 12 month high of $257.71.

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).