Avalon Capital Management Has $14.20 Million Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Avalon Capital Management cut its stake in SPDR Gold Shares (NYSEARCA:GLD) by 10.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 58,636 shares of the exchange traded fund’s stock after selling 6,879 shares during the period. SPDR Gold Shares makes up approximately 4.6% of Avalon Capital Management’s holdings, making the stock its 6th largest holding. Avalon Capital Management’s holdings in SPDR Gold Shares were worth $14,198,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Modera Wealth Management LLC boosted its stake in SPDR Gold Shares by 8.3% during the 3rd quarter. Modera Wealth Management LLC now owns 15,470 shares of the exchange traded fund’s stock worth $3,760,000 after acquiring an additional 1,190 shares during the last quarter. Kercheville Advisors LLC boosted its stake in SPDR Gold Shares by 6.6% during the 3rd quarter. Kercheville Advisors LLC now owns 6,479 shares of the exchange traded fund’s stock worth $1,575,000 after acquiring an additional 400 shares during the last quarter. Hibernia Wealth Partners LLC boosted its stake in SPDR Gold Shares by 5.2% during the 3rd quarter. Hibernia Wealth Partners LLC now owns 25,584 shares of the exchange traded fund’s stock worth $6,218,000 after acquiring an additional 1,262 shares during the last quarter. Inscription Capital LLC lifted its stake in SPDR Gold Shares by 19.6% in the third quarter. Inscription Capital LLC now owns 11,304 shares of the exchange traded fund’s stock valued at $2,748,000 after buying an additional 1,851 shares in the last quarter. Finally, Welch Group LLC lifted its stake in SPDR Gold Shares by 12.4% in the third quarter. Welch Group LLC now owns 7,659 shares of the exchange traded fund’s stock valued at $1,862,000 after buying an additional 847 shares in the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Up 0.5 %

Shares of GLD opened at $272.21 on Tuesday. SPDR Gold Shares has a twelve month low of $187.53 and a twelve month high of $272.32. The firm’s 50 day moving average price is $253.55 and its two-hundred day moving average price is $245.84.

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).