SPDR Gold Shares (NYSEARCA:GLD) Position Reduced by Forte Asset Management LLC

Forte Asset Management LLC decreased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 46.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,119 shares of the exchange traded fund’s stock after selling 7,910 shares during the period. SPDR Gold Shares accounts for about 1.2% of Forte Asset Management LLC’s investment portfolio, making the stock its 28th largest holding. Forte Asset Management LLC’s holdings in SPDR Gold Shares were worth $1,743,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. First Personal Financial Services acquired a new position in SPDR Gold Shares in the fourth quarter worth approximately $25,000. Johnson Midwest Financial LLC grew its position in SPDR Gold Shares by 350.0% during the 3rd quarter. Johnson Midwest Financial LLC now owns 180 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 140 shares in the last quarter. Private Ocean LLC grew its position in SPDR Gold Shares by 232.7% during the 4th quarter. Private Ocean LLC now owns 163 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 114 shares in the last quarter. First Command Advisory Services Inc. purchased a new position in SPDR Gold Shares during the 3rd quarter worth approximately $34,000. Finally, Worth Asset Management LLC purchased a new position in SPDR Gold Shares during the 1st quarter worth approximately $36,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.5 %

Shares of SPDR Gold Shares stock traded up $1.03 on Friday, hitting $221.37. 3,286,243 shares of the company traded hands, compared to its average volume of 7,814,343. The company has a 50-day moving average price of $200.89 and a 200 day moving average price of $190.48. SPDR Gold Shares has a 12-month low of $168.30 and a 12-month 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).