SPDR Gold Shares (NYSEARCA:GLD) Stock Position Reduced by Latitude Advisors LLC

Latitude Advisors LLC lessened its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 6.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 10,801 shares of the exchange traded fund’s stock after selling 717 shares during the quarter. SPDR Gold Shares comprises about 1.5% of Latitude Advisors LLC’s investment portfolio, making the stock its 11th largest position. Latitude Advisors LLC’s holdings in SPDR Gold Shares were worth $2,065,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Tyche Wealth Partners LLC bought a new stake in SPDR Gold Shares during the 4th quarter valued at $1,749,000. Avior Wealth Management LLC raised its stake in SPDR Gold Shares by 5.5% during the 4th quarter. Avior Wealth Management LLC now owns 3,810 shares of the exchange traded fund’s stock valued at $728,000 after acquiring an additional 200 shares in the last quarter. Allen Capital Group LLC raised its stake in SPDR Gold Shares by 7.5% during the 4th quarter. Allen Capital Group LLC now owns 2,641 shares of the exchange traded fund’s stock valued at $505,000 after acquiring an additional 185 shares in the last quarter. Desjardins Global Asset Management Inc. raised its stake in SPDR Gold Shares by 7.6% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 33,862 shares of the exchange traded fund’s stock valued at $6,473,000 after acquiring an additional 2,404 shares in the last quarter. Finally, Wealth Alliance bought a new stake in SPDR Gold Shares during the 4th quarter valued at $408,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.1 %

SPDR Gold Shares stock traded down $0.26 during mid-day trading on Wednesday, hitting $220.96. 1,569,899 shares of the company’s stock traded hands, compared to its average volume of 7,757,690. The firm has a 50 day moving average price of $199.63 and a 200 day moving average price of $190.06. SPDR Gold Shares has a one year low of $168.30 and a one year high of $225.09.

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).