Picton Mahoney Asset Management lowered its stake in SPDR Gold Shares (NYSEARCA:GLD) by 94.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 680 shares of the exchange traded fund’s stock after selling 11,220 shares during the quarter. Picton Mahoney Asset Management’s holdings in SPDR Gold Shares were worth $91,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Western Wealth Management LLC raised its stake in SPDR Gold Shares by 23.2% during the 2nd quarter. Western Wealth Management LLC now owns 13,101 shares of the exchange traded fund’s stock worth $1,773,000 after buying an additional 2,466 shares during the period. Associated Banc Corp raised its stake in SPDR Gold Shares by 3.7% during the 2nd quarter. Associated Banc Corp now owns 23,608 shares of the exchange traded fund’s stock worth $3,145,000 after buying an additional 840 shares during the period. Savant Capital LLC acquired a new stake in SPDR Gold Shares during the 2nd quarter worth $205,000. Prime Capital Investment Advisors LLC acquired a new stake in SPDR Gold Shares during the 2nd quarter worth $2,527,000. Finally, Mid Atlantic Financial Management Inc. ADV raised its stake in SPDR Gold Shares by 2.3% during the 2nd quarter. Mid Atlantic Financial Management Inc. ADV now owns 10,623 shares of the exchange traded fund’s stock worth $1,415,000 after buying an additional 241 shares during the period.

SPDR Gold Shares stock traded up $2.77 during mid-day trading on Friday, hitting $144.17. 19,627,285 shares of the company’s stock were exchanged, compared to its average volume of 8,980,513. SPDR Gold Shares has a fifty-two week low of $111.85 and a fifty-two week high of $144.33. The company’s 50 day simple moving average is $136.82 and its 200-day simple moving average is $127.12.

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).

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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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