Biltmore Wealth Management LLC Decreases Stake in SPDR Gold Shares (NYSEARCA:GLD)

Biltmore Wealth Management LLC lessened its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 0.1% during the 4th quarter, HoldingsChannel reports. The firm owned 31,632 shares of the exchange traded fund’s stock after selling 46 shares during the period. SPDR Gold Shares comprises approximately 3.2% of Biltmore Wealth Management LLC’s holdings, making the stock its 12th biggest position. Biltmore Wealth Management LLC’s holdings in SPDR Gold Shares were worth $7,659,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of GLD. Semmax Financial Advisors Inc. lifted its position in SPDR Gold Shares by 78.7% during the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 48 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of SPDR Gold Shares during the 3rd quarter worth $28,000. Capital Performance Advisors LLP acquired a new position in shares of SPDR Gold Shares during the 3rd quarter valued at about $35,000. Pittenger & Anderson Inc. purchased a new stake in shares of SPDR Gold Shares in the third quarter valued at about $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 purchasing 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 Down 1.0 %

Shares of GLD stock opened at $245.74 on Tuesday. The firm’s 50-day moving average is $243.87 and its two-hundred day moving average is $237.59. SPDR Gold Shares has a 12 month low of $183.78 and a 12 month high of $257.71.

About SPDR Gold Shares

(Free Report)

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).

Further Reading

• Five stocks we like better than SPDR Gold Shares
• What is the Euro STOXX 50 Index?
• High Put Option Volume Reveals Conviction in These 3 Stocks
• Transportation Stocks Investing
• Is a Ford Stock Turnaround on the Horizon?
• Top Biotech Stocks: Exploring Innovation Opportunities
• What PMI Data Says About the NFP Report: 3 Hidden Opportunities

Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLD – Free Report).