Successful Portfolios LLC Decreases Position in SPDR Gold Shares (NYSEARCA:GLD)

Successful Portfolios LLC decreased its position in SPDR Gold Shares (NYSEARCA:GLD) by 8.3% during the first quarter, Holdings Channel.com reports. The fund owned 1,327 shares of the exchange traded fund’s stock after selling 120 shares during the quarter. Successful Portfolios LLC’s holdings in SPDR Gold Shares were worth $273,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. American National Bank raised its stake in shares of SPDR Gold Shares by 50.0% during the first quarter. American National Bank now owns 150 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 50 shares during the last quarter. Hengehold Capital Management LLC raised its stake in shares of SPDR Gold Shares by 3.9% during the first quarter. Hengehold Capital Management LLC now owns 1,340 shares of the exchange traded fund’s stock valued at $276,000 after acquiring an additional 50 shares during the last quarter. Wealth Management Partners LLC raised its stake in SPDR Gold Shares by 3.1% in the first quarter. Wealth Management Partners LLC now owns 1,720 shares of the exchange traded fund’s stock worth $354,000 after buying an additional 51 shares in the last quarter. Founders Financial Securities LLC raised its stake in SPDR Gold Shares by 1.5% in the first quarter. Founders Financial Securities LLC now owns 3,561 shares of the exchange traded fund’s stock worth $733,000 after buying an additional 52 shares in the last quarter. Finally, Compass Ion Advisors LLC raised its stake in SPDR Gold Shares by 0.7% in the fourth quarter. Compass Ion Advisors LLC now owns 8,313 shares of the exchange traded fund’s stock worth $1,589,000 after buying an additional 54 shares in the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Price Performance

GLD stock opened at $215.01 on Monday. SPDR Gold Shares has a 1 year low of $168.30 and a 1 year high of $225.66. The firm has a 50-day moving average of $216.20 and a 200 day moving average of $202.93.

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).