Woodard & Co. Asset Management Group Inc. ADV Reduces Position in SPDR Gold Shares (NYSEARCA:GLD)

Woodard & Co. Asset Management Group Inc. ADV cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 98.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 974 shares of the exchange traded fund’s stock after selling 68,118 shares during the period. Woodard & Co. Asset Management Group Inc. ADV’s holdings in SPDR Gold Shares were worth $236,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Romano Brothers AND Company boosted its position in shares of SPDR Gold Shares by 1.0% during the third quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock valued at $1,002,000 after buying an additional 40 shares during the last quarter. Clarus Group Inc. boosted its position in shares of SPDR Gold Shares by 2.2% during the fourth quarter. Clarus Group Inc. now owns 1,825 shares of the exchange traded fund’s stock valued at $442,000 after buying an additional 40 shares during the last quarter. Magnus Financial Group LLC boosted its position in shares of SPDR Gold Shares by 0.6% during the fourth quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock valued at $1,780,000 after buying an additional 41 shares during the last quarter. Gradient Capital Advisors LLC boosted its position in SPDR Gold Shares by 0.7% in the fourth 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 last quarter. Finally, Spinnaker Trust boosted its position in SPDR Gold Shares by 1.1% in the third quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock worth $956,000 after purchasing an additional 43 shares during the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD opened at $266.29 on Monday. The stock’s 50-day simple moving average is $250.74 and its two-hundred day simple moving average is $243.72. SPDR Gold Shares has a 52-week low of $184.84 and a 52-week high of $270.39.

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).