Moseley Investment Management Inc. Has $515,000 Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Moseley Investment Management Inc. reduced its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 26.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,787 shares of the exchange traded fund’s stock after selling 645 shares during the quarter. Moseley Investment Management Inc.’s holdings in SPDR Gold Shares were worth $515,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp acquired a new position in shares of SPDR Gold Shares during the fourth quarter valued at about $26,000. Roxbury Financial LLC bought a new stake in shares of SPDR Gold Shares in the 4th quarter worth approximately $31,000. PayPay Securities Corp lifted its position in shares of SPDR Gold Shares by 55.3% in 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 period. Compass Planning Associates Inc acquired a new stake in shares of SPDR Gold Shares during the 4th quarter worth approximately $39,000. Finally, Pittenger & Anderson Inc. increased its position in shares of SPDR Gold Shares by 25.9% during the fourth quarter. Pittenger & Anderson Inc. now owns 199 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 41 shares during the period. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Trading Up 0.5%

Shares of NYSEARCA GLD opened at $306.62 on Tuesday. The firm has a market capitalization of $100.26 billion, a price-to-earnings ratio of -32.43 and a beta of 0.11. SPDR Gold Shares has a one year low of $212.12 and a one year high of $317.63. The business has a fifty day simple moving average of $301.00 and a 200 day simple moving average of $273.21.

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).