Herr Investment Group LLC cut its position in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 99.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,151 shares of the exchange traded fund’s stock after selling 459,800 shares during the period. Herr Investment Group LLC’s holdings in SPDR Gold Shares were worth $677,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Triad Wealth Partners LLC purchased a new stake in shares of SPDR Gold Shares in the 2nd quarter worth approximately $25,000. Northwest Investment Counselors LLC purchased a new stake in SPDR Gold Shares during the first quarter worth $26,000. Private Ocean LLC lifted its holdings in SPDR Gold Shares by 155.1% during the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 76 shares during the period. Chris Bulman Inc bought a new stake in SPDR Gold Shares during the 2nd quarter valued at $29,000. Finally, Frazier Financial Advisors LLC purchased a new position in shares of SPDR Gold Shares in the 4th quarter valued at $26,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.
SPDR Gold Shares Price Performance
GLD opened at $239.14 on Friday. SPDR Gold Shares has a 12 month low of $168.30 and a 12 month high of $240.29. The stock has a fifty day moving average price of $228.53 and a 200-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).
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