Wallington Asset Management LLC Has $12.88 Million Stake in SPDR Gold Shares (NYSEARCA:GLD)

Wallington Asset Management LLC lowered its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,178 shares of the exchange traded fund’s stock after selling 1,005 shares during the period. SPDR Gold Shares accounts for approximately 1.9% of Wallington Asset Management LLC’s investment portfolio, making the stock its 22nd biggest holding. Wallington Asset Management LLC’s holdings in SPDR Gold Shares were worth $12,876,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in GLD. Semmax Financial Advisors Inc. lifted its holdings in shares of SPDR Gold Shares by 78.7% during the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 48 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in SPDR Gold Shares in the 3rd quarter worth about $28,000. Capital Performance Advisors LLP bought a new stake in SPDR Gold Shares in the 3rd quarter valued at about $35,000. Pittenger & Anderson Inc. acquired a new position in shares of SPDR Gold Shares during the 3rd quarter worth approximately $38,000. Finally, Sugarloaf Wealth Management LLC increased its holdings in shares of SPDR Gold Shares by 78.9% during the third quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 71 shares during the period. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Down 0.5 %

Shares of GLD stock opened at $249.27 on Friday. SPDR Gold Shares has a 1 year low of $183.78 and a 1 year high of $257.71. The stock has a 50 day simple moving average of $243.82 and a 200 day simple moving average of $237.98.

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).