SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Capital Wealth Planning LLC

Capital Wealth Planning LLC trimmed its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 41.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,771 shares of the exchange traded fund’s stock after selling 9,151 shares during the quarter. Capital Wealth Planning LLC’s holdings in SPDR Gold Shares were worth $2,746,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in GLD. Scarborough Advisors LLC increased its stake in SPDR Gold Shares by 10,133.3% in the 4th quarter. Scarborough Advisors LLC now owns 2,662,393 shares of the exchange traded fund’s stock valued at $508,970,000 after purchasing an additional 2,636,376 shares in the last quarter. Toronto Dominion Bank grew its position in shares of SPDR Gold Shares by 23.6% in the first quarter. Toronto Dominion Bank now owns 5,649,510 shares of the exchange traded fund’s stock valued at $1,162,217,000 after purchasing an additional 1,079,452 shares during the period. Arizona PSPRS Trust purchased a new stake in shares of SPDR Gold Shares in the second quarter valued at $157,187,000. Global Assets Advisory LLC acquired a new position in SPDR Gold Shares in the first quarter valued at $144,269,000. Finally, GLOBALT Investments LLC GA acquired a new position in SPDR Gold Shares in the fourth quarter valued at $124,066,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $238.68 on Monday. The stock’s 50-day moving average is $227.10 and its two-hundred day moving average is $217.61. SPDR Gold Shares has a 12 month low of $168.30 and a 12 month high of $238.98.

SPDR Gold Shares 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).