Cetera Investment Advisers lessened its stake in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 0.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 124,310 shares of the exchange traded fund’s stock after selling 962 shares during the period. Cetera Investment Advisers’ holdings in SPDR Gold Shares were worth $22,776,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Tucker Asset Management LLC bought a new stake in shares of SPDR Gold Shares in the first quarter valued at about $25,000. Mendota Financial Group LLC bought a new stake in shares of SPDR Gold Shares in the first quarter valued at about $27,000. Freedom Wealth Alliance LLC bought a new stake in shares of SPDR Gold Shares in the fourth quarter valued at about $28,000. Cary Street Partners Asset Management LLC bought a new stake in shares of SPDR Gold Shares in the fourth quarter valued at about $34,000. Finally, First Command Financial Services Inc. bought a new stake in shares of SPDR Gold Shares in the first quarter valued at about $36,000. Institutional investors own 40.99% of the company’s stock.
SPDR Gold Shares Stock Up 0.0 %
Shares of NYSEARCA GLD traded up $0.06 during mid-day trading on Friday, hitting $178.08. The company had a trading volume of 3,293,699 shares, compared to its average volume of 5,915,148. The business’s 50-day simple moving average is $179.35 and its 200-day simple moving average is $180.76. SPDR Gold Shares has a 12 month low of $150.57 and a 12 month high of $191.36.
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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