Personal CFO Solutions LLC trimmed its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 15.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,985 shares of the exchange traded fund’s stock after selling 2,739 shares during the period. Personal CFO Solutions LLC’s holdings in SPDR Gold Shares were worth $2,673,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in GLD. FMR LLC increased its position in shares of SPDR Gold Shares by 1,211.6% during the first quarter. FMR LLC now owns 105,272 shares of the exchange traded fund’s stock worth $12,844,000 after acquiring an additional 97,246 shares in the last quarter. Welch & Forbes LLC grew its position in shares of SPDR Gold Shares by 18.8% in the 3rd quarter. Welch & Forbes LLC now owns 1,960 shares of the exchange traded fund’s stock valued at $348,000 after acquiring an additional 310 shares during the period. Pinnacle Associates Ltd. grew its position in shares of SPDR Gold Shares by 53.1% in the 3rd quarter. Pinnacle Associates Ltd. now owns 13,282 shares of the exchange traded fund’s stock valued at $2,353,000 after acquiring an additional 4,606 shares during the period. Savior LLC grew its position in shares of SPDR Gold Shares by 400.0% in the 3rd quarter. Savior LLC now owns 195 shares of the exchange traded fund’s stock valued at $35,000 after acquiring an additional 156 shares during the period. Finally, Salomon & Ludwin LLC acquired a new stake in shares of SPDR Gold Shares during the 3rd quarter worth about $204,000. Institutional investors own 43.90% of the company’s stock.
Shares of NYSEARCA GLD traded down $0.35 during mid-day trading on Tuesday, reaching $169.16. 468,354 shares of the company were exchanged, compared to its average volume of 9,834,280. The company’s 50-day simple moving average is $172.39 and its 200-day simple moving average is $174.72. SPDR Gold Shares has a twelve month low of $136.12 and a twelve month high of $194.45.
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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