SPDR Gold Shares (NYSEARCA:GLD) Stake Reduced by Carnegie Investment Counsel

Carnegie Investment Counsel lessened its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 7.2% in the fourth quarter, HoldingsChannel reports. The fund owned 7,049 shares of the exchange traded fund’s stock after selling 550 shares during the period. Carnegie Investment Counsel’s holdings in SPDR Gold Shares were worth $1,707,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. RDA Financial Network increased its position in shares of SPDR Gold Shares by 1.8% in the third quarter. RDA Financial Network now owns 5,064 shares of the exchange traded fund’s stock worth $1,231,000 after acquiring an additional 88 shares in the last quarter. Advance Capital Management Inc. boosted its position in SPDR Gold Shares by 9.4% during the 4th quarter. Advance Capital Management Inc. now owns 3,683 shares of the exchange traded fund’s stock worth $892,000 after acquiring an additional 316 shares during the period. Centaurus Financial Inc. grew its stake in SPDR Gold Shares by 10.1% during the 2nd quarter. Centaurus Financial Inc. now owns 39,597 shares of the exchange traded fund’s stock valued at $8,514,000 after acquiring an additional 3,630 shares in the last quarter. Inspirion Wealth Advisors LLC grew its stake in SPDR Gold Shares by 0.8% during the 3rd quarter. Inspirion Wealth Advisors LLC now owns 6,180 shares of the exchange traded fund’s stock valued at $1,502,000 after acquiring an additional 50 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new position in shares of SPDR Gold Shares in the 3rd quarter valued at about $564,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $249.27 on Friday. SPDR Gold Shares has a 12 month low of $183.78 and a 12 month high of $257.71. The company’s fifty day simple moving average is $243.82 and its 200-day simple moving average is $237.98.

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).