Valley Wealth Managers Inc. Cuts Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Valley Wealth Managers Inc. decreased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 30.4% in the third quarter, Holdings Channel reports. The institutional investor owned 217 shares of the exchange traded fund’s stock after selling 95 shares during the quarter. Valley Wealth Managers Inc.’s holdings in SPDR Gold Shares were worth $53,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in GLD. First Foundation Advisors grew its holdings in shares of SPDR Gold Shares by 4.2% during the first quarter. First Foundation Advisors now owns 5,984 shares of the exchange traded fund’s stock valued at $1,231,000 after buying an additional 243 shares during the last quarter. TIAA Trust National Association boosted its stake in SPDR Gold Shares by 51.8% during the 1st quarter. TIAA Trust National Association now owns 2,153 shares of the exchange traded fund’s stock valued at $443,000 after purchasing an additional 735 shares during the last quarter. Cercano Management LLC boosted its stake in SPDR Gold Shares by 10,869.6% during the 1st quarter. Cercano Management LLC now owns 50,460 shares of the exchange traded fund’s stock valued at $10,381,000 after purchasing an additional 50,000 shares during the last quarter. Ironsides Asset Advisors LLC bought a new stake in shares of SPDR Gold Shares in the 1st quarter worth $206,000. Finally, Strait & Sound Wealth Management LLC raised its stake in shares of SPDR Gold Shares by 9.3% in the first quarter. Strait & Sound Wealth Management LLC now owns 1,181 shares of the exchange traded fund’s stock worth $260,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.2 %

SPDR Gold Shares stock opened at $236.60 on Friday. SPDR Gold Shares has a one year low of $182.23 and a one year high of $257.71. The business’s fifty day moving average is $244.95 and its 200 day moving average is $229.41.

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).