SPDR Gold Shares (NYSEARCA:GLD) Stock Holdings Reduced by Tanglewood Wealth Management Inc.

Tanglewood Wealth Management Inc. lowered its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 0.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 187,268 shares of the exchange traded fund’s stock after selling 1,146 shares during the quarter. SPDR Gold Shares accounts for about 5.2% of Tanglewood Wealth Management Inc.’s investment portfolio, making the stock its 6th largest position. Tanglewood Wealth Management Inc. owned about 0.06% of SPDR Gold Shares worth $45,517,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sumitomo Mitsui Trust Holdings Inc. increased its stake in SPDR Gold Shares by 2.6% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 459,272 shares of the exchange traded fund’s stock worth $94,481,000 after acquiring an additional 11,577 shares during the period. Valeo Financial Advisors LLC grew its stake in SPDR Gold Shares by 6.6% in the first quarter. Valeo Financial Advisors LLC now owns 5,095 shares of the exchange traded fund’s stock valued at $1,048,000 after purchasing an additional 317 shares during the last quarter. Norden Group LLC purchased a new stake in shares of SPDR Gold Shares during the first quarter worth about $436,000. Cornerstone Wealth Management LLC lifted its holdings in shares of SPDR Gold Shares by 10.5% during the first quarter. Cornerstone Wealth Management LLC now owns 6,439 shares of the exchange traded fund’s stock worth $1,325,000 after purchasing an additional 612 shares during the period. Finally, FORVIS Wealth Advisors LLC lifted its position in SPDR Gold Shares by 47.8% during the first quarter. FORVIS Wealth Advisors LLC now owns 2,319 shares of the exchange traded fund’s stock valued at $477,000 after purchasing an additional 750 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of SPDR Gold Shares stock opened at $255.39 on Thursday. SPDR Gold Shares has a twelve month low of $179.11 and a twelve month high of $257.71. The business has a 50-day moving average price of $241.54 and a 200 day moving average price of $227.15.

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).