Valmark Advisers Inc. reduced its position in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 10.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,106 shares of the exchange traded fund’s stock after selling 693 shares during the period. Valmark Advisers Inc.’s holdings in SPDR Gold Shares were worth $1,478,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new position in shares of SPDR Gold Shares in the third quarter worth approximately $28,000. Roxbury Financial LLC purchased a new position in shares of SPDR Gold Shares in the fourth quarter worth approximately $31,000. PayPay Securities Corp increased its position in shares of SPDR Gold Shares by 55.3% in the fourth quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 47 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of SPDR Gold Shares in the third quarter worth approximately $35,000. Finally, Pittenger & Anderson Inc. purchased a new position in shares of SPDR Gold Shares in the third quarter worth approximately $38,000. 42.19% of the stock is owned by hedge funds and other institutional investors.
SPDR Gold Shares Price Performance
SPDR Gold Shares stock opened at $266.29 on Monday. The firm’s 50 day simple moving average is $250.74 and its 200-day simple moving average is $243.72. SPDR Gold Shares has a fifty-two week low of $184.84 and a fifty-two week high of $270.39.
SPDR Gold Shares Company Profile
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).
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