Cowa LLC reduced its position in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 22.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,103 shares of the exchange traded fund’s stock after selling 4,701 shares during the quarter. SPDR Gold Shares comprises about 1.8% of Cowa LLC’s portfolio, making the stock its 14th largest position. Cowa LLC’s holdings in SPDR Gold Shares were worth $3,463,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in GLD. Triad Wealth Partners LLC bought a new stake in shares of SPDR Gold Shares during the 2nd quarter worth $25,000. Frazier Financial Advisors LLC bought a new position in shares of SPDR Gold Shares in the fourth quarter worth about $26,000. Northwest Investment Counselors LLC bought a new position in shares of SPDR Gold Shares in the first quarter worth about $26,000. Gold Investment Management Ltd. acquired a new stake in shares of SPDR Gold Shares in the 4th quarter valued at approximately $27,000. Finally, Private Ocean LLC grew its holdings in shares of SPDR Gold Shares by 155.1% during the 2nd 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 last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.
SPDR Gold Shares Price Performance
Shares of NYSEARCA:GLD opened at $239.14 on Friday. SPDR Gold Shares has a one year low of $168.30 and a one year high of $240.29. The firm has a 50 day simple moving average of $228.53 and a 200 day simple moving average of $218.54.
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).
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