CCG Wealth Management LLC Sells 2,469 Shares of SPDR Gold Shares (NYSEARCA:GLD)

CCG Wealth Management LLC lowered its position in SPDR Gold Shares (NYSEARCA:GLD) by 71.0% in the 4th quarter, Holdings Channel reports. The firm owned 1,008 shares of the exchange traded fund’s stock after selling 2,469 shares during the quarter. CCG Wealth Management LLC’s holdings in SPDR Gold Shares were worth $244,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Romano Brothers AND Company lifted its stake in SPDR Gold Shares by 1.0% in the third quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock worth $1,002,000 after purchasing an additional 40 shares during the last quarter. Magnus Financial Group LLC lifted its stake in SPDR Gold Shares by 0.6% in the fourth quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock worth $1,780,000 after purchasing an additional 41 shares during the last quarter. Spinnaker Trust lifted its stake in SPDR Gold Shares by 1.1% in the third quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock worth $956,000 after purchasing an additional 43 shares during the last quarter. Adirondack Trust Co. lifted its stake in SPDR Gold Shares by 3.3% in the fourth quarter. Adirondack Trust Co. now owns 1,349 shares of the exchange traded fund’s stock worth $327,000 after purchasing an additional 43 shares during the last quarter. Finally, Compton Wealth Advisory Group LLC lifted its stake in SPDR Gold Shares by 3.2% in the third quarter. Compton Wealth Advisory Group LLC now owns 1,409 shares of the exchange traded fund’s stock worth $342,000 after purchasing an additional 44 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.2 %

SPDR Gold Shares stock opened at $258.56 on Monday. The company has a 50 day moving average price of $246.38 and a 200-day moving average price of $240.71. SPDR Gold Shares has a fifty-two week low of $183.78 and a fifty-two week high of $259.99.

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).