SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Founders Financial Alliance LLC

Founders Financial Alliance LLC lowered its stake in SPDR Gold Shares (NYSEARCA:GLD) by 6.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,969 shares of the exchange traded fund’s stock after selling 142 shares during the quarter. Founders Financial Alliance LLC’s holdings in SPDR Gold Shares were worth $376,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Compass Ion Advisors LLC boosted its stake in shares of SPDR Gold Shares by 0.7% during the 4th quarter. Compass Ion Advisors LLC now owns 8,313 shares of the exchange traded fund’s stock worth $1,589,000 after acquiring an additional 54 shares in the last quarter. Capital Market Strategies LLC boosted its stake in shares of SPDR Gold Shares by 4.6% during the 4th quarter. Capital Market Strategies LLC now owns 1,247 shares of the exchange traded fund’s stock worth $238,000 after acquiring an additional 55 shares in the last quarter. JB Capital LLC boosted its stake in shares of SPDR Gold Shares by 2.4% during the 4th quarter. JB Capital LLC now owns 2,379 shares of the exchange traded fund’s stock worth $455,000 after acquiring an additional 55 shares in the last quarter. Financial Sense Advisors Inc. boosted its stake in shares of SPDR Gold Shares by 2.0% during the 3rd quarter. Financial Sense Advisors Inc. now owns 2,891 shares of the exchange traded fund’s stock worth $496,000 after acquiring an additional 56 shares in the last quarter. Finally, Sandy Spring Bank boosted its stake in shares of SPDR Gold Shares by 4.0% during the 4th quarter. Sandy Spring Bank now owns 1,456 shares of the exchange traded fund’s stock worth $278,000 after acquiring an additional 56 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of SPDR Gold Shares stock traded up $0.20 during midday trading on Friday, hitting $215.92. The company’s stock had a trading volume of 4,212,379 shares, compared to its average volume of 7,236,997. The stock has a 50-day simple moving average of $213.86 and a 200-day simple moving average of $197.51. SPDR Gold Shares has a 1-year low of $168.30 and a 1-year high of $225.66.

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).