Twelve Points Wealth Management LLC Sells 150 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Twelve Points Wealth Management LLC lessened its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 0.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 17,493 shares of the exchange traded fund’s stock after selling 150 shares during the period. SPDR Gold Shares accounts for approximately 1.2% of Twelve Points Wealth Management LLC’s portfolio, making the stock its 14th biggest position. Twelve Points Wealth Management LLC’s holdings in SPDR Gold Shares were worth $4,236,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. RDA Financial Network grew its stake in shares of SPDR Gold Shares by 1.8% in the third quarter. RDA Financial Network now owns 5,064 shares of the exchange traded fund’s stock worth $1,231,000 after acquiring an additional 88 shares during the period. Advance Capital Management Inc. boosted its holdings in SPDR Gold Shares by 9.4% in the fourth quarter. Advance Capital Management Inc. now owns 3,683 shares of the exchange traded fund’s stock worth $892,000 after purchasing an additional 316 shares during the last quarter. Centaurus Financial Inc. grew its position in SPDR Gold Shares by 10.1% in the 2nd quarter. Centaurus Financial Inc. now owns 39,597 shares of the exchange traded fund’s stock worth $8,514,000 after purchasing an additional 3,630 shares during the period. Inspirion Wealth Advisors LLC raised its stake in SPDR Gold Shares by 0.8% during the 3rd quarter. Inspirion Wealth Advisors LLC now owns 6,180 shares of the exchange traded fund’s stock valued at $1,502,000 after buying an additional 50 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of SPDR Gold Shares during the 3rd quarter valued at $564,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.9 %

SPDR Gold Shares stock opened at $255.18 on Wednesday. SPDR Gold Shares has a one year low of $183.78 and a one year high of $257.71. The stock has a fifty day moving average of $245.55 and a 200 day moving average of $239.93.

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).