Glassman Wealth Services Sells 60 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Glassman Wealth Services reduced its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 6.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 922 shares of the exchange traded fund’s stock after selling 60 shares during the period. Glassman Wealth Services’ holdings in SPDR Gold Shares were worth $198,000 at the end of the most recent reporting period.

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

SPDR Gold Shares Price Performance

NYSEARCA:GLD traded down $1.72 during trading hours on Friday, hitting $230.63. 6,315,824 shares of the company traded hands, compared to its average volume of 7,086,725. SPDR Gold Shares has a twelve month low of $168.30 and a twelve month high of $234.01. The firm has a 50-day moving average of $225.43 and a 200 day moving average of $215.79.

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).