Thrivent Financial for Lutherans Decreases Stock Position in SPDR Gold Shares $GLD

Thrivent Financial for Lutherans lessened its holdings in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 58.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 36,878 shares of the exchange traded fund’s stock after selling 51,636 shares during the quarter. Thrivent Financial for Lutherans’ holdings in SPDR Gold Shares were worth $13,109,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Cutler Investment Counsel LLC raised its position in shares of SPDR Gold Shares by 9.5% in the 3rd quarter. Cutler Investment Counsel LLC now owns 2,666 shares of the exchange traded fund’s stock valued at $948,000 after purchasing an additional 231 shares during the last quarter. FSA Wealth Partners Inc. increased its stake in SPDR Gold Shares by 73.0% during the 3rd quarter. FSA Wealth Partners Inc. now owns 3,125 shares of the exchange traded fund’s stock valued at $1,111,000 after purchasing an additional 1,319 shares in the last quarter. Independent Advisor Alliance increased its stake in SPDR Gold Shares by 25.3% during the 3rd quarter. Independent Advisor Alliance now owns 136,358 shares of the exchange traded fund’s stock valued at $48,471,000 after purchasing an additional 27,542 shares in the last quarter. 5th Street Advisors LLC raised its holdings in shares of SPDR Gold Shares by 2.9% in the third quarter. 5th Street Advisors LLC now owns 21,164 shares of the exchange traded fund’s stock worth $7,523,000 after buying an additional 601 shares during the last quarter. Finally, Fourth Dimension Wealth LLC lifted its stake in shares of SPDR Gold Shares by 5.4% during the third quarter. Fourth Dimension Wealth LLC now owns 10,885 shares of the exchange traded fund’s stock worth $3,869,000 after buying an additional 559 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of GLD opened at $453.97 on Thursday. The firm has a market capitalization of $172.55 billion, a PE ratio of -32.43 and a beta of 0.09. The company’s fifty day moving average price is $415.87 and its 200-day moving average price is $369.54. SPDR Gold Shares has a 1-year low of $261.25 and a 1-year high of $509.70.

Key Stories Impacting SPDR Gold Shares

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About SPDR Gold Shares

(Free Report)

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). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.

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

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