Hollow Brook Wealth Management LLC Cuts Position in SPDR Gold Shares (NYSEARCA:GLD)

Hollow Brook Wealth Management LLC decreased its position in SPDR Gold Shares (NYSEARCA:GLD) by 5.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,566 shares of the exchange traded fund’s stock after selling 1,035 shares during the quarter. SPDR Gold Shares accounts for approximately 1.3% of Hollow Brook Wealth Management LLC’s portfolio, making the stock its 24th largest position. Hollow Brook Wealth Management LLC’s holdings in SPDR Gold Shares were worth $3,358,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Thompson Davis & CO. Inc. purchased a new stake in SPDR Gold Shares in the fourth quarter valued at approximately $459,000. Alpha Cubed Investments LLC increased its position in shares of SPDR Gold Shares by 17.1% during the fourth quarter. Alpha Cubed Investments LLC now owns 1,963 shares of the exchange traded fund’s stock worth $375,000 after acquiring an additional 287 shares during the period. Vanguard Capital Wealth Advisors increased its position in shares of SPDR Gold Shares by 1.8% during the fourth quarter. Vanguard Capital Wealth Advisors now owns 4,804 shares of the exchange traded fund’s stock worth $918,000 after acquiring an additional 84 shares during the period. LGL Partners LLC increased its position in shares of SPDR Gold Shares by 2.5% during the fourth quarter. LGL Partners LLC now owns 3,082 shares of the exchange traded fund’s stock worth $589,000 after acquiring an additional 74 shares during the period. Finally, Certuity LLC increased its position in shares of SPDR Gold Shares by 126.9% during the fourth quarter. Certuity LLC now owns 3,576 shares of the exchange traded fund’s stock worth $684,000 after acquiring an additional 2,000 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 1.9 %

Shares of SPDR Gold Shares stock traded down $4.18 during trading hours on Tuesday, reaching $212.00. 11,212,974 shares of the company were exchanged, compared to its average volume of 7,953,873. SPDR Gold Shares has a 1 year low of $168.30 and a 1 year high of $225.09. The stock’s fifty day moving average is $205.64 and its 200 day moving average is $193.22.

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).