Buffington Mohr McNeal Sells 930 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Buffington Mohr McNeal trimmed its stake in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 55.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 760 shares of the exchange traded fund’s stock after selling 930 shares during the period. Buffington Mohr McNeal’s holdings in SPDR Gold Shares were worth $219,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. ZWJ Investment Counsel Inc. grew its stake in SPDR Gold Shares by 4.6% in the first quarter. ZWJ Investment Counsel Inc. now owns 1,773 shares of the exchange traded fund’s stock valued at $511,000 after purchasing an additional 78 shares during the last quarter. Clark Asset Management LLC raised its stake in shares of SPDR Gold Shares by 46.7% during the 1st quarter. Clark Asset Management LLC now owns 2,329 shares of the exchange traded fund’s stock worth $671,000 after acquiring an additional 741 shares in the last quarter. Smart Money Group LLC lifted its position in SPDR Gold Shares by 31.1% during the first quarter. Smart Money Group LLC now owns 18,918 shares of the exchange traded fund’s stock valued at $5,451,000 after acquiring an additional 4,485 shares during the last quarter. Lodestone Wealth Management LLC boosted its stake in SPDR Gold Shares by 1.2% in the first quarter. Lodestone Wealth Management LLC now owns 3,336 shares of the exchange traded fund’s stock valued at $961,000 after acquiring an additional 41 shares in the last quarter. Finally, Latitude Advisors LLC grew its holdings in SPDR Gold Shares by 23.9% in the first quarter. Latitude Advisors LLC now owns 19,305 shares of the exchange traded fund’s stock worth $5,562,000 after purchasing an additional 3,721 shares during the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 0.6%

Shares of GLD opened at $309.25 on Thursday. The firm has a market cap of $103.10 billion, a PE ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 12 month low of $217.27 and a 12 month high of $317.63. The stock has a fifty day moving average price of $306.13 and a 200-day moving average price of $280.34.

About SPDR Gold Shares

(Free Report)

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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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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