Ranch Capital Advisors Inc. Sells 1,815 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Ranch Capital Advisors Inc. cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 59.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,249 shares of the exchange traded fund’s stock after selling 1,815 shares during the period. Ranch Capital Advisors Inc.’s holdings in SPDR Gold Shares were worth $269,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Triad Wealth Partners LLC bought a new position in shares of SPDR Gold Shares during the 2nd quarter valued at about $25,000. Frazier Financial Advisors LLC bought a new position in SPDR Gold Shares during the 4th quarter worth about $26,000. Northwest Investment Counselors LLC bought a new stake in shares of SPDR Gold Shares in the first quarter valued at about $26,000. Gold Investment Management Ltd. acquired a new position in shares of SPDR Gold Shares during the fourth quarter worth about $27,000. Finally, Private Ocean LLC raised its position in SPDR Gold Shares by 155.1% in the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 76 shares during the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Up 1.5 %

NYSEARCA:GLD opened at $239.14 on Friday. SPDR Gold Shares has a twelve month low of $168.30 and a twelve month high of $240.29. The business has a 50 day moving average price of $228.53 and a two-hundred day moving average price of $218.54.

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).