Sicart Associates LLC Has $22.82 Million Position in SPDR Gold Shares (NYSEARCA:GLD)

Sicart Associates LLC lowered its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 94,235 shares of the exchange traded fund’s stock after selling 2,167 shares during the quarter. SPDR Gold Shares makes up 8.2% of Sicart Associates LLC’s portfolio, making the stock its biggest position. Sicart Associates LLC’s holdings in SPDR Gold Shares were worth $22,817,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of GLD. Semmax Financial Advisors Inc. raised its stake in shares of SPDR Gold Shares by 78.7% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 48 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in shares of SPDR Gold Shares during the 3rd quarter worth approximately $28,000. Capital Performance Advisors LLP bought a new position in shares of SPDR Gold Shares during the 3rd quarter worth approximately $35,000. Pittenger & Anderson Inc. bought a new position in shares of SPDR Gold Shares during the 3rd quarter worth approximately $38,000. Finally, Sugarloaf Wealth Management LLC grew its position in SPDR Gold Shares by 78.9% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 71 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

NYSEARCA:GLD opened at $250.60 on Friday. SPDR Gold Shares has a twelve month low of $183.78 and a twelve month high of $257.71. The company’s 50 day moving average is $243.81 and its two-hundred day moving average is $237.89.

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).