ETF Store Inc. Lowers Position in SPDR Gold Shares (NYSEARCA:GLD)

ETF Store Inc. lessened its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 5.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,287 shares of the exchange traded fund’s stock after selling 75 shares during the period. ETF Store Inc.’s holdings in SPDR Gold Shares were worth $277,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of GLD. TKG Advisors LLC raised its stake in SPDR Gold Shares by 0.7% during the 4th quarter. TKG Advisors LLC now owns 15,224 shares of the exchange traded fund’s stock valued at $2,910,000 after purchasing an additional 110 shares during the period. City Holding Co. raised its position in shares of SPDR Gold Shares by 5.6% during the first quarter. City Holding Co. now owns 3,708 shares of the exchange traded fund’s stock valued at $763,000 after buying an additional 195 shares during the last quarter. Ndwm LLC purchased a new position in shares of SPDR Gold Shares in the fourth quarter worth $546,000. St. Johns Investment Management Company LLC boosted its position in shares of SPDR Gold Shares by 5.7% during the first quarter. St. Johns Investment Management Company LLC now owns 27,729 shares of the exchange traded fund’s stock worth $5,704,000 after acquiring an additional 1,492 shares during the last quarter. Finally, Independent Advisor Alliance grew its stake in SPDR Gold Shares by 32.2% during the fourth quarter. Independent Advisor Alliance now owns 98,074 shares of the exchange traded fund’s stock valued at $18,749,000 after acquiring an additional 23,883 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.0 %

Shares of GLD stock opened at $232.26 on Friday. The company’s fifty day simple moving average is $225.12 and its two-hundred day simple moving average is $215.28. SPDR Gold Shares has a 52 week low of $168.30 and a 52 week high of $234.01.

SPDR Gold Shares 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).