SPDR Gold Shares (NYSEARCA:GLD) Position Cut by Paragon Financial Partners Inc.

Paragon Financial Partners Inc. trimmed its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 10.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,545 shares of the exchange traded fund’s stock after selling 292 shares during the quarter. Paragon Financial Partners Inc.’s holdings in SPDR Gold Shares were worth $616,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its position in SPDR Gold Shares by 21,571.1% in the third quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock worth $735,169,000 after purchasing an additional 3,010,682 shares during the period. Stifel Financial Corp lifted its position in SPDR Gold Shares by 13.9% in the third quarter. Stifel Financial Corp now owns 822,531 shares of the exchange traded fund’s stock worth $199,924,000 after purchasing an additional 100,149 shares during the period. State Street Corp lifted its position in SPDR Gold Shares by 6.6% in the third quarter. State Street Corp now owns 764,315 shares of the exchange traded fund’s stock worth $185,774,000 after purchasing an additional 47,507 shares during the period. US Bancorp DE lifted its position in SPDR Gold Shares by 0.5% in the third quarter. US Bancorp DE now owns 691,648 shares of the exchange traded fund’s stock worth $168,112,000 after purchasing an additional 3,614 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its position in SPDR Gold Shares by 4.9% in the third quarter. Rockefeller Capital Management L.P. now owns 665,498 shares of the exchange traded fund’s stock worth $161,670,000 after purchasing an additional 30,952 shares during the period. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Performance

GLD opened at $254.43 on Thursday. SPDR Gold Shares has a 1-year low of $183.78 and a 1-year high of $257.71. The business has a 50 day moving average price of $244.25 and a two-hundred day moving average price of $238.96.

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).