Manchester Financial Inc. Reduces Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Manchester Financial Inc. trimmed its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 7.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,102 shares of the exchange traded fund’s stock after selling 165 shares during the quarter. Manchester Financial Inc.’s holdings in SPDR Gold Shares were worth $509,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GLD. PayPay Securities Corp boosted its stake in shares of SPDR Gold Shares by 55.3% during the 4th quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 47 shares during the last quarter. Aries Wealth Management raised its holdings in SPDR Gold Shares by 3.2% in the 4th quarter. Aries Wealth Management now owns 14,513 shares of the exchange traded fund’s stock worth $3,514,000 after purchasing an additional 453 shares during the period. Life Planning Partners Inc purchased a new position in SPDR Gold Shares during the fourth quarter valued at $6,625,000. MGB Wealth Management LLC grew its holdings in SPDR Gold Shares by 38.4% during the fourth quarter. MGB Wealth Management LLC now owns 9,428 shares of the exchange traded fund’s stock valued at $2,283,000 after purchasing an additional 2,618 shares during the period. Finally, Howard Bailey Securities LLC increased its position in SPDR Gold Shares by 10.1% in the fourth quarter. Howard Bailey Securities LLC now owns 1,259 shares of the exchange traded fund’s stock worth $305,000 after buying an additional 116 shares in the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 1.0 %

NYSEARCA GLD opened at $270.31 on Friday. SPDR Gold Shares has a 52 week low of $183.78 and a 52 week high of $270.39. The stock’s 50-day moving average price is $249.73 and its 200-day moving average price is $243.07.

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).