Searle & CO. Reduces Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Searle & CO. reduced its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 4.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,000 shares of the exchange traded fund’s stock after selling 46 shares during the period. Searle & CO.’s holdings in SPDR Gold Shares were worth $243,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Toronto Dominion Bank lifted its stake in SPDR Gold Shares by 23.6% during the first quarter. Toronto Dominion Bank now owns 5,649,510 shares of the exchange traded fund’s stock worth $1,162,217,000 after purchasing an additional 1,079,452 shares during the last quarter. Arizona PSPRS Trust acquired a new stake in shares of SPDR Gold Shares during the second quarter worth $157,187,000. Cetera Investment Advisers lifted its position in shares of SPDR Gold Shares by 461.0% in the 1st quarter. Cetera Investment Advisers now owns 702,415 shares of the exchange traded fund’s stock worth $144,501,000 after buying an additional 577,210 shares during the last quarter. Strategic Financial Concepts LLC lifted its position in shares of SPDR Gold Shares by 9,654.6% in the 2nd quarter. Strategic Financial Concepts LLC now owns 550,450 shares of the exchange traded fund’s stock worth $1,184,000 after buying an additional 544,807 shares during the last quarter. Finally, Granite Bay Wealth Management LLC boosted its holdings in shares of SPDR Gold Shares by 25,320.8% in the 2nd quarter. Granite Bay Wealth Management LLC now owns 516,551 shares of the exchange traded fund’s stock valued at $111,854,000 after buying an additional 514,519 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD traded down $2.99 during trading on Wednesday, reaching $250.94. 4,679,766 shares of the company’s stock traded hands, compared to its average volume of 6,975,244. The company has a 50 day moving average of $238.69 and a 200-day moving average of $225.67. SPDR Gold Shares has a 12 month low of $179.11 and a 12 month high of $253.94.

SPDR Gold Shares 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).