SPDR Gold Shares (NYSEARCA:GLD) Stake Reduced by VisionPoint Advisory Group LLC

VisionPoint Advisory Group LLC cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 6.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,228 shares of the exchange traded fund’s stock after selling 1,433 shares during the quarter. SPDR Gold Shares accounts for about 1.6% of VisionPoint Advisory Group LLC’s portfolio, making the stock its 10th largest holding. VisionPoint Advisory Group LLC’s holdings in SPDR Gold Shares were worth $4,719,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Capital Advisory Group Advisory Services LLC raised its stake in shares of SPDR Gold Shares by 4.2% during the 4th quarter. Capital Advisory Group Advisory Services LLC now owns 21,159 shares of the exchange traded fund’s stock valued at $5,123,000 after buying an additional 848 shares during the last quarter. Lane & Associates LLC purchased a new stake in shares of SPDR Gold Shares in the fourth quarter worth about $208,000. Bradley Foster & Sargent Inc. CT grew its holdings in SPDR Gold Shares by 3.1% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 307,343 shares of the exchange traded fund’s stock worth $74,417,000 after acquiring an additional 9,137 shares during the period. Compass Planning Associates Inc purchased a new position in SPDR Gold Shares during the fourth quarter valued at approximately $39,000. Finally, Cassaday & Co Wealth Management LLC lifted its holdings in SPDR Gold Shares by 1.8% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 4,962 shares of the exchange traded fund’s stock valued at $1,201,000 after acquiring an additional 90 shares during the period. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $270.99 on Friday. SPDR Gold Shares has a 12 month low of $187.05 and a 12 month high of $271.84. The stock’s 50 day simple moving average is $252.48 and its two-hundred day simple moving average is $244.82.

About SPDR Gold Shares

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).