WESCAP Management Group Inc. Cuts Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

WESCAP Management Group Inc. reduced its position in SPDR Gold Shares (NYSEARCA:GLD) by 13.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,531 shares of the exchange traded fund’s stock after selling 2,236 shares during the quarter. WESCAP Management Group Inc.’s holdings in SPDR Gold Shares were worth $1,935,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Archford Capital Strategies LLC bought a new position in SPDR Gold Shares during the 2nd quarter valued at approximately $25,000. Live Your Vision LLC raised its position in shares of SPDR Gold Shares by 263.5% in the 1st quarter. Live Your Vision LLC now owns 229 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 166 shares in the last quarter. Howe & Rusling Inc. raised its position in shares of SPDR Gold Shares by 81.8% in the 1st quarter. Howe & Rusling Inc. now owns 289 shares of the exchange traded fund’s stock worth $35,000 after acquiring an additional 130 shares in the last quarter. Burt Wealth Advisors raised its position in shares of SPDR Gold Shares by 800.0% in the 1st quarter. Burt Wealth Advisors now owns 315 shares of the exchange traded fund’s stock worth $38,000 after acquiring an additional 280 shares in the last quarter. Finally, Icon Wealth Partners LLC bought a new position in shares of SPDR Gold Shares in the 1st quarter worth approximately $47,000.

Shares of NYSEARCA:GLD traded down $0.38 during trading on Thursday, hitting $141.39. The stock had a trading volume of 641,259 shares, compared to its average volume of 8,923,546. SPDR Gold Shares has a 12 month low of $111.85 and a 12 month high of $144.02. The firm’s fifty day moving average is $136.46 and its 200 day moving average is $126.94.

About SPDR Gold Shares

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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