Highline Wealth Partners LLC Has $2.06 Million Position in SPDR Gold Shares (NYSEARCA:GLD)

Highline Wealth Partners LLC lessened its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 7.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,490 shares of the exchange traded fund’s stock after selling 672 shares during the period. Highline Wealth Partners LLC’s holdings in SPDR Gold Shares were worth $2,056,000 as of its most recent SEC filing.

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

SPDR Gold Shares Stock Performance

NYSEARCA:GLD traded up $2.22 during midday trading on Friday, reaching $248.08. The stock had a trading volume of 9,277,613 shares, compared to its average volume of 5,787,242. SPDR Gold Shares has a 1-year low of $183.78 and a 1-year high of $257.71. The firm’s fifty day simple moving average is $244.10 and its 200-day simple moving average is $236.81.

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).