Well Done LLC Sells 202 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Well Done LLC lessened its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 8.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,186 shares of the exchange traded fund’s stock after selling 202 shares during the period. Well Done LLC’s holdings in SPDR Gold Shares were worth $418,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Intrepid Capital Management Inc. bought a new stake in shares of SPDR Gold Shares during the 2nd quarter valued at $27,000. Johnson Midwest Financial LLC increased its position in shares of SPDR Gold Shares by 350.0% during the third quarter. Johnson Midwest Financial LLC now owns 180 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 140 shares during the period. First Command Advisory Services Inc. purchased a new stake in shares of SPDR Gold Shares in the third quarter worth about $34,000. Worth Asset Management LLC bought a new position in shares of SPDR Gold Shares in the first quarter valued at approximately $36,000. Finally, TD Capital Management LLC grew its stake in SPDR Gold Shares by 83.3% during the fourth quarter. TD Capital Management LLC now owns 220 shares of the exchange traded fund’s stock valued at $37,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock traded up $1.31 during midday trading on Wednesday, reaching $202.95. 4,365,121 shares of the stock were exchanged, compared to its average volume of 6,581,742. SPDR Gold Shares has a 52 week low of $168.30 and a 52 week high of $203.92. The company’s fifty day moving average is $191.68 and its 200-day moving average is $186.05.

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).