EWG Elevate Inc. lessened its stake in SPDR Gold Shares (NYSEARCA:GLD) by 42.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,648 shares of the exchange traded fund’s stock after selling 18,447 shares during the period. SPDR Gold Shares comprises 2.0% of EWG Elevate Inc.’s portfolio, making the stock its 20th biggest holding. EWG Elevate Inc.’s holdings in SPDR Gold Shares were worth $4,396,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. RMR Wealth Builders bought a new stake in shares of SPDR Gold Shares in the second quarter valued at about $28,000. TFC Financial Management acquired a new position in SPDR Gold Shares in the third quarter worth about $29,000. Anderson Fisher LLC raised its position in SPDR Gold Shares by 88.7% in the third quarter. Anderson Fisher LLC now owns 183 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 86 shares in the last quarter. Rockbridge Investment Management LCC acquired a new position in SPDR Gold Shares in the second quarter worth about $34,000. Finally, Savior LLC raised its position in SPDR Gold Shares by 400.0% in the third quarter. Savior LLC now owns 195 shares of the exchange traded fund’s stock worth $35,000 after purchasing an additional 156 shares in the last quarter.
NYSEARCA:GLD traded down $0.75 during mid-day trading on Wednesday, hitting $173.37. The company’s stock had a trading volume of 13,810,867 shares, compared to its average volume of 13,685,021. SPDR Gold Shares has a fifty-two week low of $136.12 and a fifty-two week high of $194.45. The stock has a fifty day moving average of $176.64 and a 200-day moving average of $176.25.
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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