Oliver Lagore Vanvalin Investment Group Lowers Stake in SPDR Gold Shares (NYSEARCA:GLD)

Oliver Lagore Vanvalin Investment Group cut its stake in SPDR Gold Shares (NYSEARCA:GLD) by 7.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,399 shares of the exchange traded fund’s stock after selling 105 shares during the period. Oliver Lagore Vanvalin Investment Group’s holdings in SPDR Gold Shares were worth $267,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. First Personal Financial Services acquired a new position in SPDR Gold Shares during the fourth quarter valued at approximately $25,000. Johnson Midwest Financial LLC lifted its position in SPDR Gold Shares by 350.0% during the third quarter. Johnson Midwest Financial LLC now owns 180 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 140 shares in the last quarter. Private Ocean LLC lifted its position in SPDR Gold Shares by 232.7% during the fourth quarter. Private Ocean LLC now owns 163 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 114 shares in the last quarter. First Command Advisory Services Inc. acquired a new position in SPDR Gold Shares during the third quarter valued at approximately $34,000. Finally, Worth Asset Management LLC acquired a new position in SPDR Gold Shares during the first quarter valued at approximately $36,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Up 0.4 %

GLD stock traded up $0.85 during midday trading on Thursday, reaching $220.44. 4,911,370 shares of the company’s stock traded hands, compared to its average volume of 7,859,928. The business has a 50-day moving average price of $200.25 and a two-hundred day moving average price of $190.27. SPDR Gold Shares has a fifty-two week low of $168.30 and a fifty-two week high of $225.09.

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).