TAP Consulting LLC Sells 20,591 Shares of SPDR Gold Shares (NYSEARCA:GLD)

TAP Consulting LLC trimmed its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 43.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,546 shares of the exchange traded fund’s stock after selling 20,591 shares during the period. SPDR Gold Shares comprises 1.2% of TAP Consulting LLC’s holdings, making the stock its 20th biggest holding. TAP Consulting LLC’s holdings in SPDR Gold Shares were worth $5,075,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. First Personal Financial Services purchased a new stake in shares of SPDR Gold Shares during the fourth quarter valued at $25,000. Johnson Midwest Financial LLC increased its position in shares of SPDR Gold Shares by 350.0% during the third quarter. Johnson Midwest Financial LLC now owns 180 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 140 shares during the period. Private Ocean LLC increased its position in shares of SPDR Gold Shares by 232.7% during the fourth quarter. Private Ocean LLC now owns 163 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 114 shares during the period. Naples Money Management LLC bought a new stake in shares of SPDR Gold Shares during the fourth quarter valued at approximately $31,000. Finally, GAMMA Investing LLC bought a new position in SPDR Gold Shares in the fourth quarter worth approximately $33,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Trading Up 0.6 %

GLD traded up $1.28 during trading on Thursday, hitting $215.92. 6,604,272 shares of the stock were exchanged, compared to its average volume of 7,953,503. The firm has a 50 day simple moving average of $203.95 and a 200 day simple moving average of $192.11. SPDR Gold Shares has a 1 year low of $168.30 and a 1 year high of $225.09.

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).