Billeaud Capital Management Inc. lowered its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 240,810 shares of the exchange traded fund’s stock after selling 3,348 shares during the period. SPDR Gold Shares makes up about 14.8% of Billeaud Capital Management Inc.’s holdings, making the stock its 2nd biggest position. Billeaud Capital Management Inc.’s holdings in SPDR Gold Shares were worth $29,198,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. FormulaFolio Investments LLC boosted its holdings in shares of SPDR Gold Shares by 1.8% in the 4th quarter. FormulaFolio Investments LLC now owns 8,138 shares of the exchange traded fund’s stock worth $918,000 after purchasing an additional 142 shares in the last quarter. LifePlan Financial Group Inc raised its position in SPDR Gold Shares by 13.9% during the 4th quarter. LifePlan Financial Group Inc now owns 1,505 shares of the exchange traded fund’s stock valued at $182,000 after purchasing an additional 184 shares during the last quarter. Edge Wealth Management LLC raised its position in SPDR Gold Shares by 1.6% during the 4th quarter. Edge Wealth Management LLC now owns 14,516 shares of the exchange traded fund’s stock valued at $1,760,000 after purchasing an additional 228 shares during the last quarter. Ingalls & Snyder LLC raised its position in SPDR Gold Shares by 1.7% during the 3rd quarter. Ingalls & Snyder LLC now owns 26,265 shares of the exchange traded fund’s stock valued at $2,962,000 after purchasing an additional 440 shares during the last quarter. Finally, Wetherby Asset Management Inc. raised its position in SPDR Gold Shares by 5.0% during the 3rd quarter. Wetherby Asset Management Inc. now owns 9,304 shares of the exchange traded fund’s stock valued at $1,049,000 after purchasing an additional 443 shares during the last quarter.
Shares of GLD stock traded up $0.21 during midday trading on Friday, reaching $121.80. 8,622,739 shares of the stock were exchanged, compared to its average volume of 10,314,843. SPDR Gold Shares has a 1 year low of $111.06 and a 1 year high of $129.51.
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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).
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