Richardson Financial Services Inc. Cuts Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Richardson Financial Services Inc. cut its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 36.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,070 shares of the exchange traded fund’s stock after selling 1,190 shares during the period. Richardson Financial Services Inc.’s holdings in SPDR Gold Shares were worth $445,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Triad Wealth Partners LLC purchased a new stake in shares of SPDR Gold Shares during the 2nd quarter worth about $25,000. Northwest Investment Counselors LLC acquired a new position in SPDR Gold Shares in the 1st quarter worth about $26,000. Private Ocean LLC grew its holdings in SPDR Gold Shares by 155.1% in the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 76 shares during the period. Chris Bulman Inc purchased a new stake in shares of SPDR Gold Shares in the second quarter valued at approximately $29,000. Finally, Frazier Financial Advisors LLC acquired a new position in shares of SPDR Gold Shares during the 4th quarter worth approximately $26,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.8 %

Shares of NYSEARCA:GLD opened at $235.51 on Thursday. The business’s 50 day moving average price is $228.21 and its 200-day moving average price is $218.39. SPDR Gold Shares has a 1 year low of $168.30 and a 1 year high of $240.29.

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).