Carret Asset Management LLC Has $990,000 Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Carret Asset Management LLC decreased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 4.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,073 shares of the exchange traded fund’s stock after selling 196 shares during the quarter. Carret Asset Management LLC’s holdings in SPDR Gold Shares were worth $990,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GLD. Romano Brothers AND Company grew its stake in shares of SPDR Gold Shares by 1.0% in the third quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock worth $1,002,000 after acquiring an additional 40 shares during the last quarter. Delta Financial Group Inc. grew its position in SPDR Gold Shares by 1.2% in the 3rd quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock worth $849,000 after purchasing an additional 41 shares during the last quarter. Compton Wealth Advisory Group LLC increased its holdings in shares of SPDR Gold Shares by 3.2% during the 3rd quarter. Compton Wealth Advisory Group LLC now owns 1,409 shares of the exchange traded fund’s stock worth $342,000 after purchasing an additional 44 shares during the period. Ballast Inc. raised its position in shares of SPDR Gold Shares by 3.6% during the second quarter. Ballast Inc. now owns 1,295 shares of the exchange traded fund’s stock valued at $278,000 after buying an additional 45 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its stake in shares of SPDR Gold Shares by 2.2% in the second quarter. Sunbelt Securities Inc. now owns 2,116 shares of the exchange traded fund’s stock valued at $455,000 after buying an additional 45 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD stock opened at $253.32 on Friday. The business’s 50-day simple moving average is $240.12 and its 200 day simple moving average is $226.35. SPDR Gold Shares has a twelve month low of $179.11 and a twelve month high of $253.94.

SPDR Gold Shares 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).