SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Kingfisher Capital LLC

Kingfisher Capital LLC trimmed its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 6.5% in the third quarter, HoldingsChannel.com reports. The firm owned 2,346 shares of the exchange traded fund’s stock after selling 163 shares during the quarter. Kingfisher Capital LLC’s holdings in SPDR Gold Shares were worth $570,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of GLD. Triad Wealth Partners LLC acquired a new stake in shares of SPDR Gold Shares during the second quarter worth about $25,000. Semmax Financial Advisors Inc. grew its stake in SPDR Gold Shares by 78.7% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 48 shares during the last quarter. Private Ocean LLC increased its position in SPDR Gold Shares by 155.1% during the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 76 shares during the period. Ashton Thomas Securities LLC acquired a new position in SPDR Gold Shares during the third quarter worth approximately $28,000. Finally, Chris Bulman Inc purchased a new stake in SPDR Gold Shares in the second quarter valued at approximately $29,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $243.49 on Friday. The company’s 50 day simple moving average is $246.46 and its 200-day simple moving average is $231.27. SPDR Gold Shares has a 12-month low of $183.15 and a 12-month high of $257.71.

About SPDR Gold Shares

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).