Marino Stram & Associates LLC Sells 219 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Marino Stram & Associates LLC cut its stake in SPDR Gold Shares (NYSEARCA:GLD) by 5.9% in the first quarter, HoldingsChannel reports. The institutional investor owned 3,473 shares of the exchange traded fund’s stock after selling 219 shares during the quarter. Marino Stram & Associates LLC’s holdings in SPDR Gold Shares were worth $424,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. First Allied Advisory Services Inc. grew its position in SPDR Gold Shares by 30.4% during the 1st quarter. First Allied Advisory Services Inc. now owns 38,150 shares of the exchange traded fund’s stock worth $4,656,000 after acquiring an additional 8,905 shares during the last quarter. Western Wealth Management LLC bought a new stake in SPDR Gold Shares during the 4th quarter worth approximately $1,305,000. Sowell Financial Services LLC boosted its position in SPDR Gold Shares by 17.7% in the 4th quarter. Sowell Financial Services LLC now owns 12,760 shares of the exchange traded fund’s stock valued at $1,547,000 after buying an additional 1,919 shares during the last quarter. XR Securities LLC boosted its position in SPDR Gold Shares by 423.4% in the 1st quarter. XR Securities LLC now owns 2,264 shares of the exchange traded fund’s stock valued at $276,000 after buying an additional 2,964 shares during the last quarter. Finally, Flagship Harbor Advisors LLC boosted its position in SPDR Gold Shares by 17.5% in the 1st quarter. Flagship Harbor Advisors LLC now owns 77,220 shares of the exchange traded fund’s stock valued at $9,421,000 after buying an additional 11,497 shares during the last quarter.

GLD traded up $0.64 during mid-day trading on Wednesday, reaching $125.82. The stock had a trading volume of 558,720 shares, compared to its average volume of 7,417,101. SPDR Gold Shares has a 52 week low of $111.06 and a 52 week high of $127.25.

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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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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).

Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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