First Horizon Advisors Inc. Decreases Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

First Horizon Advisors Inc. trimmed its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 6.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 94,325 shares of the exchange traded fund’s stock after selling 6,061 shares during the quarter. First Horizon Advisors Inc.’s holdings in SPDR Gold Shares were worth $22,839,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in shares of SPDR Gold Shares during the third quarter valued at approximately $28,000. Roxbury Financial LLC purchased a new position in shares of SPDR Gold Shares in the fourth quarter valued at $31,000. PayPay Securities Corp grew its position in shares of SPDR Gold Shares by 55.3% in the fourth quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 47 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of SPDR Gold Shares in the third quarter valued at $35,000. Finally, Pittenger & Anderson Inc. purchased a new position in shares of SPDR Gold Shares in the third quarter valued at $38,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $270.74 on Friday. SPDR Gold Shares has a 52 week low of $187.05 and a 52 week high of $271.84. The business has a 50-day simple moving average of $253.00 and a 200 day simple moving average of $245.32.

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).