MMA Asset Management LLC Sells 407 Shares of SPDR Gold Shares (NYSEARCA:GLD)

MMA Asset Management LLC lowered its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 4.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 8,407 shares of the exchange traded fund’s stock after selling 407 shares during the quarter. SPDR Gold Shares comprises 0.9% of MMA Asset Management LLC’s portfolio, making the stock its 28th biggest holding. MMA Asset Management LLC’s holdings in SPDR Gold Shares were worth $1,577,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of GLD. Compass Ion Advisors LLC boosted its stake in SPDR Gold Shares by 0.7% in the fourth quarter. Compass Ion Advisors LLC now owns 8,313 shares of the exchange traded fund’s stock valued at $1,589,000 after acquiring an additional 54 shares during the last quarter. Capital Market Strategies LLC raised its holdings in shares of SPDR Gold Shares by 4.6% during the fourth 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 during the period. JB Capital LLC grew its position in SPDR Gold Shares by 2.4% in the fourth quarter. JB Capital LLC now owns 2,379 shares of the exchange traded fund’s stock valued at $455,000 after purchasing an additional 55 shares in the last quarter. Financial Sense Advisors Inc. increased 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 purchasing an additional 56 shares during the last quarter. Finally, Sandy Spring Bank grew its stake in SPDR Gold Shares by 4.0% in the 4th quarter. Sandy Spring Bank now owns 1,456 shares of the exchange traded fund’s stock valued at $278,000 after buying an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of SPDR Gold Shares stock traded up $0.20 on Friday, reaching $215.92. 4,212,379 shares of the stock were exchanged, compared to its average volume of 7,236,997. The firm’s 50 day moving average is $213.86 and its 200-day moving average is $197.63. SPDR Gold Shares has a one year low of $168.30 and a one year high of $225.66.

SPDR Gold Shares Company Profile

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).