Joel Isaacson & Co. LLC trimmed its position in shares of SPDR Gold Shares (NYSEARCA:GLD – Get Rating) by 1.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,679 shares of the exchange traded fund’s stock after selling 180 shares during the period. Joel Isaacson & Co. LLC’s holdings in SPDR Gold Shares were worth $2,136,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Old Port Advisors boosted its stake in shares of SPDR Gold Shares by 3.3% during the 1st quarter. Old Port Advisors now owns 2,817 shares of the exchange traded fund’s stock valued at $506,000 after buying an additional 90 shares during the period. Scholtz & Company LLC acquired a new stake in shares of SPDR Gold Shares during the 1st quarter valued at $4,737,000. GSA Capital Partners LLP acquired a new stake in shares of SPDR Gold Shares during the 1st quarter valued at $633,000. Shearwater Capital LLC boosted its stake in shares of SPDR Gold Shares by 5.0% during the 1st quarter. Shearwater Capital LLC now owns 5,466 shares of the exchange traded fund’s stock valued at $961,000 after buying an additional 259 shares during the period. Finally, Marks Group Wealth Management Inc boosted its stake in shares of SPDR Gold Shares by 3.1% during the 4th quarter. Marks Group Wealth Management Inc now owns 4,454 shares of the exchange traded fund’s stock valued at $762,000 after buying an additional 136 shares during the period. 40.89% of the stock is currently owned by hedge funds and other institutional investors.
SPDR Gold Shares Stock Down 1.5 %
Shares of GLD stock traded down $2.33 on Friday, hitting $153.37. The company’s stock had a trading volume of 283,569 shares, compared to its average volume of 5,566,600. SPDR Gold Shares has a fifty-two week low of $154.01 and a fifty-two week high of $193.30. The firm’s fifty day moving average price is $161.36 and its 200-day moving average price is $170.22.
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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