SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Northcape Wealth Management LLC

Northcape Wealth Management LLC reduced its position in SPDR Gold Shares (NYSEARCA:GLD) by 2.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 74,736 shares of the exchange traded fund’s stock after selling 1,738 shares during the quarter. SPDR Gold Shares comprises approximately 5.9% of Northcape Wealth Management LLC’s portfolio, making the stock its biggest position. Northcape Wealth Management LLC’s holdings in SPDR Gold Shares were worth $18,165,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Triad Wealth Partners LLC acquired a new stake in shares of SPDR Gold Shares during the second quarter worth $25,000. Semmax Financial Advisors Inc. lifted its holdings in shares of SPDR Gold Shares by 78.7% during the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 48 shares during the period. Private Ocean LLC lifted its holdings in shares of SPDR Gold Shares by 155.1% during the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 76 shares during the period. Ashton Thomas Securities LLC acquired a new stake in shares of SPDR Gold Shares during the third quarter worth $28,000. Finally, Chris Bulman Inc acquired a new stake in shares of SPDR Gold Shares during the second quarter worth $29,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Down 0.2 %

Shares of NYSEARCA GLD opened at $236.60 on Friday. The stock has a fifty day moving average price of $244.95 and a 200 day moving average price of $229.41. SPDR Gold Shares has a 1-year low of $182.23 and a 1-year high of $257.71.

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).