SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Orgel Wealth Management LLC

Orgel Wealth Management LLC reduced its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 6.7% during the third quarter, Holdings Channel.com reports. The fund owned 3,264 shares of the exchange traded fund’s stock after selling 236 shares during the quarter. Orgel Wealth Management LLC’s holdings in SPDR Gold Shares were worth $793,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of GLD. Wellington Management Group LLP increased its stake in SPDR Gold Shares by 8.5% in the 4th quarter. Wellington Management Group LLP now owns 221,938 shares of the exchange traded fund’s stock worth $42,428,000 after purchasing an additional 17,428 shares in the last quarter. Banque Cantonale Vaudoise boosted its position in SPDR Gold Shares by 10.3% during the 1st quarter. Banque Cantonale Vaudoise now owns 6,200 shares of the exchange traded fund’s stock worth $1,275,000 after acquiring an additional 581 shares during the period. American National Bank lifted 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 valued at $31,000 after buying an additional 50 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of SPDR Gold Shares by 2.6% during the 1st quarter. International Assets Investment Management LLC now owns 13,075 shares of the exchange traded fund’s stock valued at $2,717,000 after buying an additional 327 shares during the last quarter. Finally, Compton Wealth Advisory Group LLC acquired a new stake in shares of SPDR Gold Shares during the 1st quarter valued at about $272,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 1.1 %

Shares of SPDR Gold Shares stock opened at $251.26 on Friday. SPDR Gold Shares has a 52-week low of $179.11 and a 52-week high of $251.37. The stock has a 50-day simple moving average of $237.71 and a 200-day simple moving average of $224.94.

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).