Weaver Consulting Group Decreases Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Weaver Consulting Group trimmed its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.7% in the 1st quarter, Holdings Channel reports. The firm owned 9,805 shares of the exchange traded fund’s stock after selling 172 shares during the period. Weaver Consulting Group’s holdings in SPDR Gold Shares were worth $2,017,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in GLD. American National Bank raised its holdings in shares of SPDR Gold Shares by 50.0% during the 1st quarter. American National Bank now owns 150 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 50 shares during the period. Hengehold Capital Management LLC boosted its holdings in SPDR Gold Shares by 3.9% in the 1st quarter. Hengehold Capital Management LLC now owns 1,340 shares of the exchange traded fund’s stock valued at $276,000 after purchasing an additional 50 shares during the last quarter. Wealth Management Partners LLC grew its stake in shares of SPDR Gold Shares by 3.1% in the 1st quarter. Wealth Management Partners LLC now owns 1,720 shares of the exchange traded fund’s stock valued at $354,000 after buying an additional 51 shares during the period. Compass Ion Advisors LLC raised its position in shares of SPDR Gold Shares by 0.7% during the 4th quarter. Compass Ion Advisors LLC now owns 8,313 shares of the exchange traded fund’s stock valued at $1,589,000 after buying an additional 54 shares during the period. Finally, Capital Market Strategies LLC grew its position in SPDR Gold Shares by 4.6% in the fourth quarter. Capital Market Strategies LLC now owns 1,247 shares of the exchange traded fund’s stock worth $238,000 after acquiring an additional 55 shares during the period. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

NYSEARCA:GLD traded up $0.02 on Friday, reaching $215.01. The company’s stock had a trading volume of 3,955,080 shares, compared to its average volume of 5,524,778. SPDR Gold Shares has a 12-month low of $168.30 and a 12-month high of $225.66. The stock has a 50 day moving average price of $216.20 and a 200 day moving average price of $202.69.

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).