Nemes Rush Group LLC Reduces Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Nemes Rush Group LLC cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 9.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,140 shares of the exchange traded fund’s stock after selling 235 shares during the quarter. Nemes Rush Group LLC’s holdings in SPDR Gold Shares were worth $409,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of GLD. Evexia Wealth LLC grew its stake in SPDR Gold Shares by 36.6% during the 4th quarter. Evexia Wealth LLC now owns 4,672 shares of the exchange traded fund’s stock worth $881,000 after buying an additional 1,253 shares during the last quarter. Miracle Mile Advisors LLC boosted its position in SPDR Gold Shares by 33.8% during the 4th quarter. Miracle Mile Advisors LLC now owns 2,401 shares of the exchange traded fund’s stock worth $459,000 after acquiring an additional 607 shares during the period. Syon Capital LLC acquired a new position in SPDR Gold Shares during the 3rd quarter worth $6,972,000. Raymond James & Associates boosted its position in SPDR Gold Shares by 0.5% during the 4th quarter. Raymond James & Associates now owns 844,620 shares of the exchange traded fund’s stock worth $161,466,000 after acquiring an additional 4,242 shares during the period. Finally, Marks Wealth LLC acquired a new position in SPDR Gold Shares during the 4th quarter worth $33,299,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Down 1.3 %

Shares of SPDR Gold Shares stock traded down $3.01 during trading on Wednesday, hitting $221.22. The stock had a trading volume of 3,626,314 shares, compared to its average volume of 7,737,567. The business has a fifty day moving average of $212.85 and a two-hundred day moving average of $196.89. SPDR Gold Shares has a fifty-two week low of $168.30 and a fifty-two week high of $225.66.

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).