KPP Advisory Services LLC Sells 59 Shares of SPDR Gold Shares (NYSEARCA:GLD)

KPP Advisory Services LLC decreased its position in SPDR Gold Shares (NYSEARCA:GLD) by 3.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,487 shares of the exchange traded fund’s stock after selling 59 shares during the quarter. KPP Advisory Services LLC’s holdings in SPDR Gold Shares were worth $360,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new stake in SPDR Gold Shares during the third quarter valued at $28,000. Capital Performance Advisors LLP purchased a new position in shares of SPDR Gold Shares in the 3rd quarter worth approximately $35,000. Pittenger & Anderson Inc. purchased a new stake in SPDR Gold Shares during the 3rd quarter valued at $38,000. Sugarloaf Wealth Management LLC lifted its position in SPDR Gold Shares by 78.9% in the third quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 71 shares during the last quarter. Finally, Maryland Capital Advisors Inc. purchased a new position in SPDR Gold Shares during the third quarter worth $40,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 0.5 %

GLD stock opened at $259.94 on Tuesday. The firm’s fifty day simple moving average is $246.38 and its two-hundred day simple moving average is $240.80. SPDR Gold Shares has a twelve month low of $183.78 and a twelve month high of $261.39.

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).