Refined Wealth Management Sells 9,610 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Refined Wealth Management cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 28.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 24,685 shares of the exchange traded fund’s stock after selling 9,610 shares during the quarter. SPDR Gold Shares comprises approximately 3.7% of Refined Wealth Management’s holdings, making the stock its 9th biggest position. Refined Wealth Management’s holdings in SPDR Gold Shares were worth $5,078,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in GLD. First Personal Financial Services purchased a new stake in shares of SPDR Gold Shares in the fourth quarter worth about $25,000. Frazier Financial Advisors LLC purchased a new stake in shares of SPDR Gold Shares in the fourth quarter worth about $26,000. Northwest Investment Counselors LLC purchased a new stake in shares of SPDR Gold Shares in the first quarter worth about $26,000. Gold Investment Management Ltd. purchased a new stake in shares of SPDR Gold Shares in the fourth quarter worth about $27,000. Finally, Security National Bank purchased a new stake in shares of SPDR Gold Shares in the first quarter worth about $28,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Down 0.0 %

Shares of GLD stock traded down $0.02 during trading on Tuesday, hitting $215.55. The company had a trading volume of 4,920,801 shares, compared to its average volume of 7,297,301. The stock’s 50-day moving average is $216.20 and its two-hundred day moving average is $203.12. SPDR Gold Shares has a 52 week low of $168.30 and a 52 week high of $225.66.

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).