SPDR Gold Shares (NYSEARCA:GLD) is D. Scott Neal Inc.’s 2nd Largest Position

D. Scott Neal Inc. reduced its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,952 shares of the exchange traded fund’s stock after selling 3,819 shares during the quarter. SPDR Gold Shares accounts for approximately 13.7% of D. Scott Neal Inc.’s investment portfolio, making the stock its 2nd biggest holding. D. Scott Neal Inc.’s holdings in SPDR Gold Shares were worth $24,928,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Bradley Foster & Sargent Inc. CT raised its position in SPDR Gold Shares by 0.7% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 297,472 shares of the exchange traded fund’s stock worth $63,959,000 after acquiring an additional 2,201 shares during the period. Wealth Alliance increased its stake in shares of SPDR Gold Shares by 36.9% during the second quarter. Wealth Alliance now owns 2,959 shares of the exchange traded fund’s stock worth $636,000 after purchasing an additional 798 shares in the last quarter. E Fund Management Co. Ltd. raised its position in shares of SPDR Gold Shares by 37.0% during the 2nd quarter. E Fund Management Co. Ltd. now owns 14,286 shares of the exchange traded fund’s stock worth $3,072,000 after purchasing an additional 3,858 shares during the last quarter. Meridian Wealth Partners LLC lifted its stake in SPDR Gold Shares by 5.0% in the 2nd quarter. Meridian Wealth Partners LLC now owns 1,936 shares of the exchange traded fund’s stock valued at $416,000 after buying an additional 92 shares in the last quarter. Finally, Argent Trust Co boosted its holdings in SPDR Gold Shares by 3.9% in the 2nd quarter. Argent Trust Co now owns 11,539 shares of the exchange traded fund’s stock worth $2,481,000 after buying an additional 436 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock opened at $248.88 on Thursday. The business has a 50 day simple moving average of $243.74 and a two-hundred day simple moving average of $237.81. SPDR Gold Shares has a 12 month low of $183.78 and a 12 month high of $257.71.

About SPDR Gold Shares

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).