Parisi Gray Wealth Management trimmed its position in SPDR Gold Shares (NYSEARCA:GLD) by 0.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,468 shares of the exchange traded fund’s stock after selling 172 shares during the period. SPDR Gold Shares accounts for 2.0% of Parisi Gray Wealth Management’s portfolio, making the stock its 10th biggest position. Parisi Gray Wealth Management’s holdings in SPDR Gold Shares were worth $4,542,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of GLD. TFC Financial Management bought a new stake in SPDR Gold Shares in the third quarter worth $29,000. Anderson Fisher LLC boosted its holdings 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 acquiring an additional 86 shares in the last quarter. Savior LLC boosted its holdings 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 acquiring an additional 156 shares in the last quarter. Clark Financial Advisors bought a new stake in SPDR Gold Shares in the fourth quarter worth $35,000. Finally, Horan Securities Inc. boosted its holdings in SPDR Gold Shares by 216.9% in the fourth quarter. Horan Securities Inc. now owns 206 shares of the exchange traded fund’s stock worth $37,000 after acquiring an additional 141 shares in the last quarter. 43.90% of the stock is currently owned by institutional investors.
Shares of NYSEARCA:GLD traded down $0.69 during midday trading on Tuesday, reaching $168.82. 136,661 shares of the company’s stock traded hands, compared to its average volume of 9,834,280. SPDR Gold Shares has a one year low of $136.12 and a one year high of $194.45. The stock has a 50 day moving average of $172.39 and a 200 day moving average of $174.72.
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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