Edge Capital Group LLC Sells 24,184 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Edge Capital Group LLC cut its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 98.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 296 shares of the exchange traded fund’s stock after selling 24,184 shares during the quarter. Edge Capital Group LLC’s holdings in SPDR Gold Shares were worth $72,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Clarus Group Inc. lifted its position in shares of SPDR Gold Shares by 2.2% in the fourth quarter. Clarus Group Inc. now owns 1,825 shares of the exchange traded fund’s stock valued at $442,000 after acquiring an additional 40 shares in the last quarter. Magnus Financial Group LLC raised its stake in SPDR Gold Shares by 0.6% during the 4th quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock valued at $1,780,000 after purchasing an additional 41 shares during the period. Pittenger & Anderson Inc. lifted its holdings in SPDR Gold Shares by 25.9% in the 4th quarter. Pittenger & Anderson Inc. now owns 199 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 41 shares in the last quarter. Gradient Capital Advisors LLC boosted its stake in SPDR Gold Shares by 0.7% in the 4th quarter. Gradient Capital Advisors LLC now owns 5,743 shares of the exchange traded fund’s stock worth $1,391,000 after purchasing an additional 42 shares during the period. Finally, Spinnaker Trust grew its holdings in SPDR Gold Shares by 1.1% during the 3rd quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock valued at $956,000 after buying an additional 43 shares in the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

GLD stock opened at $272.21 on Tuesday. The company’s fifty day moving average price is $253.55 and its 200-day moving average price is $245.84. SPDR Gold Shares has a one year low of $187.53 and a one year high of $272.32.

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).