MONECO Advisors LLC Sells 827 Shares of SPDR Gold Shares (NYSEARCA:GLD)

MONECO Advisors LLC cut its stake in SPDR Gold Shares (NYSEARCA:GLD) by 3.2% during the fourth quarter, HoldingsChannel reports. The firm owned 25,329 shares of the exchange traded fund’s stock after selling 827 shares during the period. SPDR Gold Shares accounts for about 0.9% of MONECO Advisors LLC’s holdings, making the stock its 20th largest position. MONECO Advisors LLC’s holdings in SPDR Gold Shares were worth $4,842,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Capital Wealth Advisors grew its holdings in shares of SPDR Gold Shares by 1.8% in the fourth quarter. Vanguard Capital Wealth Advisors now owns 4,804 shares of the exchange traded fund’s stock worth $918,000 after purchasing an additional 84 shares during the last quarter. LGL Partners LLC grew its holdings in SPDR Gold Shares by 2.5% during the 4th quarter. LGL Partners LLC now owns 3,082 shares of the exchange traded fund’s stock worth $589,000 after acquiring an additional 74 shares in the last quarter. Certuity LLC grew its holdings in SPDR Gold Shares by 126.9% during the 4th quarter. Certuity LLC now owns 3,576 shares of the exchange traded fund’s stock worth $684,000 after acquiring an additional 2,000 shares in the last quarter. Kestra Private Wealth Services LLC grew its holdings in SPDR Gold Shares by 8.6% during the 4th quarter. Kestra Private Wealth Services LLC now owns 68,212 shares of the exchange traded fund’s stock worth $13,040,000 after acquiring an additional 5,422 shares in the last quarter. Finally, Steele Capital Management Inc. bought a new position in SPDR Gold Shares during the 4th quarter worth about $443,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Down 1.9 %

SPDR Gold Shares stock traded down $4.18 during midday trading on Tuesday, hitting $212.00. 11,212,974 shares of the company’s stock were exchanged, compared to its average volume of 7,953,873. SPDR Gold Shares has a 12 month low of $168.30 and a 12 month high of $225.09. The firm has a 50-day moving average of $205.15 and a two-hundred day moving average of $192.99.

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).