SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Moulton Wealth Management Inc.

Moulton Wealth Management Inc. decreased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 1.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,868 shares of the exchange traded fund’s stock after selling 75 shares during the period. SPDR Gold Shares makes up 1.2% of Moulton Wealth Management Inc.’s investment portfolio, making the stock its 20th largest holding. Moulton Wealth Management Inc.’s holdings in SPDR Gold Shares were worth $1,438,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Toronto Dominion Bank lifted its holdings in shares of SPDR Gold Shares by 23.6% in the first quarter. Toronto Dominion Bank now owns 5,649,510 shares of the exchange traded fund’s stock valued at $1,162,217,000 after purchasing an additional 1,079,452 shares in the last quarter. Arizona PSPRS Trust purchased a new stake in SPDR Gold Shares in the 2nd quarter valued at approximately $157,187,000. Global Assets Advisory LLC acquired a new stake in SPDR Gold Shares during the 1st quarter valued at $144,269,000. Cetera Investment Advisers increased its position in SPDR Gold Shares by 461.0% during the first quarter. Cetera Investment Advisers now owns 702,415 shares of the exchange traded fund’s stock worth $144,501,000 after buying an additional 577,210 shares in the last quarter. Finally, Strategic Financial Concepts LLC raised its holdings in shares of SPDR Gold Shares by 9,654.6% in the second quarter. Strategic Financial Concepts LLC now owns 550,450 shares of the exchange traded fund’s stock worth $1,184,000 after acquiring an additional 544,807 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD opened at $251.26 on Friday. The stock’s fifty day simple moving average is $237.71 and its 200-day simple moving average is $224.94. SPDR Gold Shares has a 52-week low of $179.11 and a 52-week high of $251.37.

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).