Retirement Financial Solutions LLC Cuts Stake in SPDR Gold Shares (NYSEARCA:GLD)

Retirement Financial Solutions LLC lessened its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,343 shares of the exchange traded fund’s stock after selling 218 shares during the period. SPDR Gold Shares comprises about 0.6% of Retirement Financial Solutions LLC’s holdings, making the stock its 20th biggest position. Retirement Financial Solutions LLC’s holdings in SPDR Gold Shares were worth $1,299,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Kanawha Capital Management LLC raised its holdings in shares of SPDR Gold Shares by 1.4% in the 3rd quarter. Kanawha Capital Management LLC now owns 3,198 shares of the exchange traded fund’s stock worth $777,000 after purchasing an additional 45 shares during the period. IAG Wealth Partners LLC raised its stake in shares of SPDR Gold Shares by 19.4% in the third quarter. IAG Wealth Partners LLC now owns 936 shares of the exchange traded fund’s stock valued at $228,000 after buying an additional 152 shares during the period. Prosperitas Financial LLC bought a new stake in shares of SPDR Gold Shares in the third quarter valued at $218,000. Latitude Advisors LLC lifted its position in shares of SPDR Gold Shares by 3.8% during the 3rd quarter. Latitude Advisors LLC now owns 14,356 shares of the exchange traded fund’s stock valued at $3,489,000 after buying an additional 531 shares during the last quarter. Finally, Harbor Capital Advisors Inc. bought a new position in shares of SPDR Gold Shares during the 3rd quarter worth $219,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of SPDR Gold Shares stock opened at $252.47 on Monday. SPDR Gold Shares has a 52-week low of $179.11 and a 52-week high of $257.71. The stock’s 50-day simple moving average is $242.43 and its 200 day simple moving average is $227.66.

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).