Narwhal Capital Management reduced its stake in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 0.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,595 shares of the exchange traded fund’s stock after selling 84 shares during the quarter. Narwhal Capital Management’s holdings in SPDR Gold Shares were worth $3,534,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in GLD. Ashton Thomas Securities LLC purchased a new stake in shares of SPDR Gold Shares in the 3rd quarter worth $28,000. Capital Performance Advisors LLP bought a new stake in shares of SPDR Gold Shares in the third quarter valued at about $35,000. Pittenger & Anderson Inc. purchased a new stake in SPDR Gold Shares in the third quarter worth about $38,000. Sugarloaf Wealth Management LLC grew its holdings in SPDR Gold Shares by 78.9% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 71 shares in the last quarter. Finally, Maryland Capital Advisors Inc. purchased a new position in SPDR Gold Shares during the 3rd quarter valued at about $40,000. 42.19% of the stock is currently owned by institutional investors.
SPDR Gold Shares Stock Up 0.6 %
Shares of GLD opened at $255.65 on Monday. The company has a 50 day moving average price of $245.31 and a 200-day moving average price of $239.58. SPDR Gold Shares has a fifty-two week low of $183.78 and a fifty-two week 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).
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