Ieq Capital LLC Decreases Stake in SPDR Gold Shares (NYSEARCA:GLD)

Ieq Capital LLC decreased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 7.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,891 shares of the exchange traded fund’s stock after selling 2,386 shares during the quarter. Ieq Capital LLC’s holdings in SPDR Gold Shares were worth $6,212,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. TKG Advisors LLC raised its holdings in SPDR Gold Shares by 0.7% in the 4th quarter. TKG Advisors LLC now owns 15,224 shares of the exchange traded fund’s stock valued at $2,910,000 after acquiring an additional 110 shares during the last quarter. City Holding Co. grew its position in shares of SPDR Gold Shares by 5.6% in the first quarter. City Holding Co. now owns 3,708 shares of the exchange traded fund’s stock valued at $763,000 after purchasing an additional 195 shares in the last quarter. Ndwm LLC acquired a new stake in shares of SPDR Gold Shares in the fourth quarter valued at approximately $546,000. St. Johns Investment Management Company LLC lifted its position in SPDR Gold Shares by 5.7% during the first quarter. St. Johns Investment Management Company LLC now owns 27,729 shares of the exchange traded fund’s stock worth $5,704,000 after buying an additional 1,492 shares in the last quarter. Finally, Bradley Foster & Sargent Inc. CT boosted its stake in SPDR Gold Shares by 0.8% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 297,779 shares of the exchange traded fund’s stock worth $56,926,000 after buying an additional 2,335 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD opened at $242.21 on Friday. SPDR Gold Shares has a 52-week low of $168.30 and a 52-week high of $242.63. The business has a fifty day moving average of $228.91 and a two-hundred day moving average of $218.86.

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).