Geneos Wealth Management Inc. Decreases Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Geneos Wealth Management Inc. cut its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 2.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,836 shares of the exchange traded fund’s stock after selling 266 shares during the quarter. Geneos Wealth Management Inc.’s holdings in SPDR Gold Shares were worth $2,866,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Romano Brothers AND Company grew its holdings in shares of SPDR Gold Shares by 1.0% in the third quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock worth $1,002,000 after purchasing an additional 40 shares during the last quarter. Delta Financial Group Inc. increased its position in shares of SPDR Gold Shares by 1.2% during the third quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock worth $849,000 after acquiring an additional 41 shares during the period. Magnus Financial Group LLC raised its stake in shares of SPDR Gold Shares by 0.6% during the fourth quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock valued at $1,780,000 after acquiring an additional 41 shares in the last quarter. Spinnaker Trust boosted its holdings in shares of SPDR Gold Shares by 1.1% in the third quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock valued at $956,000 after purchasing an additional 43 shares during the period. Finally, Adirondack Trust Co. grew its stake in SPDR Gold Shares by 3.3% in the fourth quarter. Adirondack Trust Co. now owns 1,349 shares of the exchange traded fund’s stock worth $327,000 after purchasing an additional 43 shares in the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 0.6 %

Shares of NYSEARCA GLD opened at $255.65 on Friday. SPDR Gold Shares has a twelve month low of $183.78 and a twelve month high of $257.71. The business has a fifty day simple moving average of $245.31 and a two-hundred day simple moving average of $239.43.

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).