Heritage Wealth Partners LLC Cuts Stake in SPDR Gold Shares (NYSEARCA:GLD)

Heritage Wealth Partners LLC lessened its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 53.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 7,658 shares of the exchange traded fund’s stock after selling 8,970 shares during the quarter. SPDR Gold Shares comprises approximately 2.3% of Heritage Wealth Partners LLC’s portfolio, making the stock its 15th biggest position. Heritage Wealth Partners LLC’s holdings in SPDR Gold Shares were worth $1,854,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Semmax Financial Advisors Inc. increased its position in shares of SPDR Gold Shares by 78.7% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 48 shares during the period. Ashton Thomas Securities LLC acquired a new position in shares of SPDR Gold Shares in the third quarter valued at about $28,000. Capital Performance Advisors LLP acquired a new position in shares of SPDR Gold Shares in the third quarter valued at about $35,000. Pittenger & Anderson Inc. purchased a new position in shares of SPDR Gold Shares in the third quarter worth about $38,000. Finally, Sugarloaf Wealth Management LLC lifted its holdings in shares of SPDR Gold Shares by 78.9% during the third quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 71 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

NYSEARCA GLD traded down $2.47 during trading hours on Monday, reaching $245.74. The stock had a trading volume of 8,427,021 shares, compared to its average volume of 6,649,572. SPDR Gold Shares has a 52-week low of $183.78 and a 52-week high of $257.71. The stock has a fifty day moving average of $244.01 and a 200 day moving average of $237.37.

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).