Lyell Wealth Management LP Trims Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Lyell Wealth Management LP cut its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 3.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,749 shares of the exchange traded fund’s stock after selling 1,423 shares during the quarter. Lyell Wealth Management LP’s holdings in SPDR Gold Shares were worth $6,834,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GLD. GHP Investment Advisors Inc. grew its position in shares of SPDR Gold Shares by 236.2% in the 3rd quarter. GHP Investment Advisors Inc. now owns 854 shares of the exchange traded fund’s stock worth $153,000 after buying an additional 600 shares during the period. Royal Fund Management LLC grew its position in SPDR Gold Shares by 10.6% during the 3rd quarter. Royal Fund Management LLC now owns 1,393 shares of the exchange traded fund’s stock valued at $239,000 after purchasing an additional 133 shares during the last quarter. Private Trust Co. NA grew its position in SPDR Gold Shares by 3.7% during the 3rd quarter. Private Trust Co. NA now owns 5,367 shares of the exchange traded fund’s stock valued at $920,000 after purchasing an additional 189 shares during the last quarter. Heritage Wealth Partners LLC grew its position in SPDR Gold Shares by 6.6% during the 3rd quarter. Heritage Wealth Partners LLC now owns 10,141 shares of the exchange traded fund’s stock valued at $1,739,000 after purchasing an additional 627 shares during the last quarter. Finally, SS&H Financial Advisors Inc. purchased a new stake in SPDR Gold Shares during the 3rd quarter valued at about $1,783,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

GLD stock traded down $0.39 during trading on Wednesday, hitting $214.65. 5,735,987 shares of the stock traded hands, compared to its average volume of 7,969,864. SPDR Gold Shares has a 1 year low of $168.30 and a 1 year high of $225.09. The firm’s 50 day moving average is $203.35 and its two-hundred day moving average is $191.95.

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).