Narwhal Capital Management Sells 354 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Narwhal Capital Management cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.4% during the 3rd quarter, Holdings Channel reports. The firm owned 14,679 shares of the exchange traded fund’s stock after selling 354 shares during the period. Narwhal Capital Management’s holdings in SPDR Gold Shares were worth $3,568,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Delta Financial Group Inc. increased its stake in SPDR Gold Shares by 1.2% during the 3rd quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock worth $849,000 after acquiring an additional 41 shares during the period. Compton Wealth Advisory Group LLC grew its holdings in shares of SPDR Gold Shares by 3.2% during the 3rd quarter. Compton Wealth Advisory Group LLC now owns 1,409 shares of the exchange traded fund’s stock worth $342,000 after purchasing an additional 44 shares in the last quarter. Ballast Inc. increased its position in shares of SPDR Gold Shares by 3.6% in the second quarter. Ballast Inc. now owns 1,295 shares of the exchange traded fund’s stock worth $278,000 after purchasing an additional 45 shares during the period. Sunbelt Securities Inc. raised its stake in SPDR Gold Shares by 2.2% in the second quarter. Sunbelt Securities Inc. now owns 2,116 shares of the exchange traded fund’s stock valued at $455,000 after purchasing an additional 45 shares in the last quarter. Finally, Peoples Bank KS lifted its position in SPDR Gold Shares by 4.6% during the third quarter. Peoples Bank KS now owns 1,023 shares of the exchange traded fund’s stock worth $249,000 after purchasing an additional 45 shares during the period. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

GLD stock opened at $253.89 on Wednesday. The company’s 50-day moving average price is $238.69 and its two-hundred day moving average price is $225.67. SPDR Gold Shares has a 12 month low of $179.11 and a 12 month high of $253.94.

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).