SPDR Gold Shares (NYSEARCA:GLD) Stake Cut by 1834 Investment Advisors Co.

1834 Investment Advisors Co. lessened its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 8.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,086 shares of the exchange traded fund’s stock after selling 3,045 shares during the quarter. SPDR Gold Shares makes up about 1.1% of 1834 Investment Advisors Co.’s investment portfolio, making the stock its 23rd largest holding. 1834 Investment Advisors Co.’s holdings in SPDR Gold Shares were worth $8,495,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its stake in SPDR Gold Shares by 21,571.1% in the third quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock valued at $735,169,000 after acquiring an additional 3,010,682 shares during the period. Stifel Financial Corp lifted its holdings in shares of SPDR Gold Shares by 13.9% in the 3rd quarter. Stifel Financial Corp now owns 822,531 shares of the exchange traded fund’s stock worth $199,924,000 after purchasing an additional 100,149 shares during the last quarter. State Street Corp boosted its position in SPDR Gold Shares by 6.6% during the 3rd quarter. State Street Corp now owns 764,315 shares of the exchange traded fund’s stock valued at $185,774,000 after purchasing an additional 47,507 shares during the period. US Bancorp DE grew its stake in SPDR Gold Shares by 0.5% during the 3rd quarter. US Bancorp DE now owns 691,648 shares of the exchange traded fund’s stock worth $168,112,000 after buying an additional 3,614 shares during the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in SPDR Gold Shares by 4.9% in the third quarter. Rockefeller Capital Management L.P. now owns 665,498 shares of the exchange traded fund’s stock worth $161,670,000 after buying an additional 30,952 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of GLD opened at $255.65 on Friday. The firm has a fifty day moving average of $245.31 and a 200-day moving average of $239.43. SPDR Gold Shares has a 1 year low of $183.78 and a 1 year high of $257.71.

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).