NavPoint Financial Inc. Lowers Stake in SPDR Gold Shares (NYSEARCA:GLD)

NavPoint Financial Inc. trimmed its position in SPDR Gold Shares (NYSEARCA:GLD) by 2.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 8,040 shares of the exchange traded fund’s stock after selling 172 shares during the quarter. SPDR Gold Shares comprises 1.5% of NavPoint Financial Inc.’s investment portfolio, making the stock its 17th biggest position. NavPoint Financial Inc.’s holdings in SPDR Gold Shares were worth $1,947,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. GoalFusion Wealth Management LLC boosted its position in SPDR Gold Shares by 3.6% during the 3rd quarter. GoalFusion Wealth Management LLC now owns 15,007 shares of the exchange traded fund’s stock worth $3,648,000 after purchasing an additional 519 shares during the period. WealthBridge Capital Management LLC lifted its stake in shares of SPDR Gold Shares by 3.4% during the third quarter. WealthBridge Capital Management LLC now owns 20,150 shares of the exchange traded fund’s stock worth $4,898,000 after purchasing an additional 660 shares in the last quarter. Davis Investment Partners LLC boosted its position in shares of SPDR Gold Shares by 28.3% in the third quarter. Davis Investment Partners LLC now owns 1,209 shares of the exchange traded fund’s stock worth $297,000 after buying an additional 267 shares during the period. Diversified Trust Co grew its stake in shares of SPDR Gold Shares by 31.1% in the third quarter. Diversified Trust Co now owns 3,854 shares of the exchange traded fund’s stock valued at $937,000 after buying an additional 915 shares in the last quarter. Finally, Smith Anglin Financial LLC raised its holdings in shares of SPDR Gold Shares by 60.5% during the 3rd quarter. Smith Anglin Financial LLC now owns 13,273 shares of the exchange traded fund’s stock valued at $3,226,000 after buying an additional 5,001 shares during the period. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

NYSEARCA GLD opened at $258.56 on Monday. SPDR Gold Shares has a fifty-two week low of $183.78 and a fifty-two week high of $259.99. The business has a 50 day moving average price of $246.38 and a two-hundred day moving average price of $240.71.

SPDR Gold Shares Company 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).