SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Visionary Horizons LLC

Visionary Horizons LLC cut its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 8.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,863 shares of the exchange traded fund’s stock after selling 365 shares during the quarter. SPDR Gold Shares accounts for 0.6% of Visionary Horizons LLC’s portfolio, making the stock its 23rd largest position. Visionary Horizons LLC’s holdings in SPDR Gold Shares were worth $838,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northwest Investment Counselors LLC acquired a new position in shares of SPDR Gold Shares in the first quarter worth about $26,000. First Personal Financial Services acquired a new stake in shares of SPDR Gold Shares during the fourth quarter worth approximately $25,000. Frazier Financial Advisors LLC acquired a new stake in shares of SPDR Gold Shares during the fourth quarter worth approximately $26,000. Security National Bank acquired a new stake in shares of SPDR Gold Shares during the first quarter worth approximately $28,000. Finally, Gold Investment Management Ltd. acquired a new stake in shares of SPDR Gold Shares during the fourth quarter worth approximately $27,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

GLD stock opened at $212.64 on Thursday. The firm has a 50 day simple moving average of $216.57 and a 200 day simple moving average of $202.31. SPDR Gold Shares has a 52 week low of $168.30 and a 52 week high of $225.66.

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).