N.E.W. Advisory Services LLC Sells 1,985 Shares of SPDR Gold Shares (NYSEARCA:GLD)

N.E.W. Advisory Services LLC lowered its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 55.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,569 shares of the exchange traded fund’s stock after selling 1,985 shares during the quarter. N.E.W. Advisory Services LLC’s holdings in SPDR Gold Shares were worth $300,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Chevy Chase Trust Holdings LLC raised its stake in shares of SPDR Gold Shares by 34.4% during the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 3,143 shares of the exchange traded fund’s stock worth $539,000 after acquiring an additional 805 shares in the last quarter. Verdence Capital Advisors LLC boosted its position in shares of SPDR Gold Shares by 13.6% in the 3rd quarter. Verdence Capital Advisors LLC now owns 5,680 shares of the exchange traded fund’s stock worth $974,000 after purchasing an additional 682 shares in the last quarter. Chatham Capital Group Inc. grew its stake in SPDR Gold Shares by 18.5% during the 3rd quarter. Chatham Capital Group Inc. now owns 1,971 shares of the exchange traded fund’s stock worth $338,000 after buying an additional 308 shares during the last quarter. FORVIS Wealth Advisors LLC grew its stake in SPDR Gold Shares by 14.6% during the 3rd quarter. FORVIS Wealth Advisors LLC now owns 2,005 shares of the exchange traded fund’s stock worth $344,000 after buying an additional 256 shares during the last quarter. Finally, Baystate Wealth Management LLC increased its position in SPDR Gold Shares by 172.4% during the 3rd quarter. Baystate Wealth Management LLC now owns 425 shares of the exchange traded fund’s stock valued at $73,000 after buying an additional 269 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.5 %

SPDR Gold Shares stock traded down $0.99 during midday trading on Tuesday, reaching $214.21. The company’s stock had a trading volume of 5,659,460 shares, compared to its average volume of 7,932,338. SPDR Gold Shares has a 52-week low of $168.30 and a 52-week high of $225.09. The stock’s 50-day simple moving average is $208.23 and its 200-day simple moving average is $194.39.

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).