EWG Elevate Inc. Sells 23,669 Shares of SPDR Gold Shares (NYSEARCA:GLD)

EWG Elevate Inc. reduced its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 89.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,851 shares of the exchange traded fund’s stock after selling 23,669 shares during the quarter. EWG Elevate Inc.’s holdings in SPDR Gold Shares were worth $690,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Aprio Wealth Management LLC boosted its stake in SPDR Gold Shares by 3.4% in the fourth quarter. Aprio Wealth Management LLC now owns 6,210 shares of the exchange traded fund’s stock valued at $1,504,000 after acquiring an additional 206 shares during the last quarter. LVM Capital Management Ltd. MI boosted its position in shares of SPDR Gold Shares by 3.3% during the fourth quarter. LVM Capital Management Ltd. MI now owns 6,325 shares of the exchange traded fund’s stock worth $1,531,000 after buying an additional 200 shares during the period. Ridgewood Investments LLC lifted its position in shares of SPDR Gold Shares by 16.6% in the fourth quarter. Ridgewood Investments LLC now owns 974 shares of the exchange traded fund’s stock worth $236,000 after purchasing an additional 139 shares in the last quarter. Hilltop National Bank raised its holdings in SPDR Gold Shares by 18.2% during the fourth quarter. Hilltop National Bank now owns 2,593 shares of the exchange traded fund’s stock worth $628,000 after acquiring an additional 400 shares in the last quarter. Finally, ST Germain D J Co. Inc. raised its stake in shares of SPDR Gold Shares by 177.3% during the 4th quarter. ST Germain D J Co. Inc. now owns 1,345 shares of the exchange traded fund’s stock worth $326,000 after purchasing an additional 860 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 1.0 %

Shares of GLD stock opened at $248.21 on Monday. SPDR Gold Shares has a 1 year low of $183.78 and a 1 year high of $257.71. The stock has a 50 day simple moving average of $244.01 and a 200 day simple moving average of $237.37.

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).