BigSur Wealth Management LLC Sells 3,400 Shares of SPDR Gold Shares (NYSEARCA:GLD)

BigSur Wealth Management LLC lowered its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 16.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,915 shares of the exchange traded fund’s stock after selling 3,400 shares during the quarter. SPDR Gold Shares comprises 1.2% of BigSur Wealth Management LLC’s holdings, making the stock its 20th largest holding. BigSur Wealth Management LLC’s holdings in SPDR Gold Shares were worth $4,096,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Semmax Financial Advisors Inc. increased its position in shares of SPDR Gold Shares by 78.7% during the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 48 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in SPDR Gold Shares during the 3rd quarter worth $28,000. Capital Performance Advisors LLP acquired a new position in SPDR Gold Shares during the 3rd quarter valued at about $35,000. Pittenger & Anderson Inc. purchased a new stake in SPDR Gold Shares in the third quarter valued at about $38,000. Finally, Sugarloaf Wealth Management LLC boosted its holdings in SPDR Gold Shares by 78.9% in the third quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 71 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD opened at $249.27 on Monday. The firm’s 50-day moving average price is $243.85 and its 200-day moving average price is $238.37. SPDR Gold Shares has a 52-week low of $183.78 and a 52-week high of $257.71.

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).