SPDR Gold Shares (NYSEARCA:GLD) is WESPAC Advisors LLC’s Largest Position

WESPAC Advisors LLC cut its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 37.8% in the fourth quarter, HoldingsChannel reports. The fund owned 19,715 shares of the exchange traded fund’s stock after selling 11,974 shares during the period. SPDR Gold Shares makes up approximately 3.5% of WESPAC Advisors LLC’s holdings, making the stock its largest holding. WESPAC Advisors LLC’s holdings in SPDR Gold Shares were worth $4,774,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Strategic Financial Concepts LLC boosted its position in shares of SPDR Gold Shares by 24,600.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 608,876 shares of the exchange traded fund’s stock valued at $147,427,000 after acquiring an additional 606,411 shares during the last quarter. Diversify Advisory Services LLC boosted its position in SPDR Gold Shares by 446.0% during the fourth quarter. Diversify Advisory Services LLC now owns 239,355 shares of the exchange traded fund’s stock valued at $59,410,000 after purchasing an additional 195,520 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in SPDR Gold Shares by 47.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 454,153 shares of the exchange traded fund’s stock worth $110,386,000 after acquiring an additional 146,271 shares in the last quarter. Banco Santander S.A. raised its stake in shares of SPDR Gold Shares by 245.1% in the third quarter. Banco Santander S.A. now owns 160,721 shares of the exchange traded fund’s stock worth $39,065,000 after purchasing an additional 114,151 shares during the last quarter. Finally, Stifel Financial Corp raised its position in SPDR Gold Shares by 13.9% during the third quarter. Stifel Financial Corp now owns 822,531 shares of the exchange traded fund’s stock valued at $199,924,000 after acquiring an additional 100,149 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $270.74 on Friday. SPDR Gold Shares has a 12 month low of $187.05 and a 12 month high of $271.84. The business has a 50 day simple moving average of $253.00 and a 200-day simple moving average of $245.32.

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).