Patten & Patten Inc. TN Sells 1,585 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Patten & Patten Inc. TN lessened its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 36.2% in the third quarter, HoldingsChannel.com reports. The fund owned 2,796 shares of the exchange traded fund’s stock after selling 1,585 shares during the period. Patten & Patten Inc. TN’s holdings in SPDR Gold Shares were worth $388,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of GLD. Archford Capital Strategies LLC purchased a new position in SPDR Gold Shares in the 2nd quarter worth approximately $25,000. Prestige Wealth Management Group LLC purchased a new position in SPDR Gold Shares in the 2nd quarter worth approximately $28,000. Reilly Financial Advisors LLC purchased a new position in SPDR Gold Shares in the 3rd quarter worth approximately $38,000. Private Capital Group LLC increased its stake in SPDR Gold Shares by 290.0% in the 2nd quarter. Private Capital Group LLC now owns 390 shares of the exchange traded fund’s stock worth $46,000 after purchasing an additional 290 shares during the period. Finally, First National Bank of South Miami increased its stake in SPDR Gold Shares by 375.0% in the 2nd quarter. First National Bank of South Miami now owns 380 shares of the exchange traded fund’s stock worth $51,000 after purchasing an additional 300 shares during the period.

Shares of SPDR Gold Shares stock opened at $140.41 on Thursday. The business’s 50 day simple moving average is $141.98 and its two-hundred day simple moving average is $131.98. SPDR Gold Shares has a one year low of $113.42 and a one year high of $146.82.

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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