SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Weaver Capital Management LLC

Weaver Capital Management LLC reduced its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 6.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,443 shares of the exchange traded fund’s stock after selling 386 shares during the quarter. Weaver Capital Management LLC’s holdings in SPDR Gold Shares were worth $1,318,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GLD. Ashton Thomas Securities LLC acquired a new stake in shares of SPDR Gold Shares in the third quarter valued at approximately $28,000. Capital Performance Advisors LLP acquired a new stake in shares of SPDR Gold Shares in the third quarter valued at approximately $35,000. Pittenger & Anderson Inc. acquired a new stake in shares of SPDR Gold Shares in the third quarter valued at approximately $38,000. Sugarloaf Wealth Management LLC grew its position in shares of SPDR Gold Shares by 78.9% in the third quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 71 shares during the last quarter. Finally, Maryland Capital Advisors Inc. purchased a new position in shares of SPDR Gold Shares during the third quarter valued at approximately $40,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $262.50 on Wednesday. SPDR Gold Shares has a 1 year low of $183.78 and a 1 year high of $262.54. The firm’s 50 day moving average price is $246.73 and its 200 day moving average price is $241.04.

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).