Anchor Investment Management LLC lessened its stake in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 43.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,562 shares of the exchange traded fund’s stock after selling 1,203 shares during the period. Anchor Investment Management LLC’s holdings in SPDR Gold Shares were worth $336,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. TKG Advisors LLC boosted its holdings in shares of 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 purchasing an additional 110 shares in the last quarter. City Holding Co. boosted its holdings in shares of SPDR Gold Shares by 5.6% in the 1st 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. St. Johns Investment Management Company LLC boosted its holdings in shares of SPDR Gold Shares by 5.7% in the 1st quarter. St. Johns Investment Management Company LLC now owns 27,729 shares of the exchange traded fund’s stock valued at $5,704,000 after purchasing an additional 1,492 shares in the last quarter. Bradley Foster & Sargent Inc. CT boosted its holdings in shares of SPDR Gold Shares by 0.8% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 297,779 shares of the exchange traded fund’s stock valued at $56,926,000 after purchasing an additional 2,335 shares in the last quarter. Finally, Traynor Capital Management Inc. boosted its holdings in shares of SPDR Gold Shares by 19.9% in the 1st quarter. Traynor Capital Management Inc. now owns 1,720 shares of the exchange traded fund’s stock valued at $354,000 after purchasing an additional 285 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Price Performance
NYSEARCA GLD opened at $244.98 on Friday. SPDR Gold Shares has a twelve month low of $168.30 and a twelve month high of $247.37. The business’s fifty day moving average is $233.29 and its 200 day moving average is $221.99.
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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