Blue Chip Partners LLC Has $603,000 Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Blue Chip Partners LLC cut its position in SPDR Gold Shares (NYSEARCA:GLD) by 8.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,153 shares of the exchange traded fund’s stock after selling 274 shares during the quarter. Blue Chip Partners LLC’s holdings in SPDR Gold Shares were worth $603,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Marco Investment Management LLC boosted its holdings in SPDR Gold Shares by 1,188.4% in the 4th quarter. Marco Investment Management LLC now owns 22,740 shares of the exchange traded fund’s stock valued at $4,347,000 after purchasing an additional 20,975 shares during the period. Silver Oak Securities Incorporated boosted its holdings in SPDR Gold Shares by 317.9% in the 4th quarter. Silver Oak Securities Incorporated now owns 21,222 shares of the exchange traded fund’s stock valued at $4,057,000 after purchasing an additional 16,144 shares during the period. Magnus Financial Group LLC boosted its holdings in SPDR Gold Shares by 3.6% in the 4th quarter. Magnus Financial Group LLC now owns 7,105 shares of the exchange traded fund’s stock valued at $1,358,000 after purchasing an additional 245 shares during the period. Paradigm Financial Partners LLC bought a new stake in SPDR Gold Shares in the 4th quarter valued at $210,000. Finally, Omnia Family Wealth LLC boosted its holdings in SPDR Gold Shares by 2.6% in the 4th quarter. Omnia Family Wealth LLC now owns 57,059 shares of the exchange traded fund’s stock valued at $10,908,000 after purchasing an additional 1,431 shares during the period. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock opened at $215.80 on Monday. SPDR Gold Shares has a fifty-two week low of $168.30 and a fifty-two week high of $225.09. The firm has a fifty day moving average price of $204.56 and a two-hundred day moving average price of $192.69.

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).