SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Sovereign Financial Group Inc.

Sovereign Financial Group Inc. cut its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 6.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 6,077 shares of the exchange traded fund’s stock after selling 437 shares during the quarter. Sovereign Financial Group Inc.’s holdings in SPDR Gold Shares were worth $1,162,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of GLD. International Assets Investment Management LLC grew its position in SPDR Gold Shares by 19,989.3% in the fourth quarter. International Assets Investment Management LLC now owns 2,437,035 shares of the exchange traded fund’s stock worth $465,888,000 after buying an additional 2,424,904 shares during the last quarter. Toronto Dominion Bank boosted its position in shares of SPDR Gold Shares by 14.5% in the 3rd quarter. Toronto Dominion Bank now owns 4,660,292 shares of the exchange traded fund’s stock valued at $799,007,000 after purchasing an additional 591,368 shares during the period. Euclidean Capital LLC increased its stake in SPDR Gold Shares by 91.4% in the 3rd quarter. Euclidean Capital LLC now owns 1,062,500 shares of the exchange traded fund’s stock worth $182,166,000 after purchasing an additional 507,500 shares in the last quarter. Dagco Inc. raised its holdings in SPDR Gold Shares by 24,465.7% during the 3rd quarter. Dagco Inc. now owns 388,138 shares of the exchange traded fund’s stock worth $66,546,000 after buying an additional 386,558 shares during the period. Finally, Bailard Inc. lifted its stake in SPDR Gold Shares by 5,040.4% during the fourth quarter. Bailard Inc. now owns 349,291 shares of the exchange traded fund’s stock valued at $66,774,000 after buying an additional 342,496 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD traded down $0.63 during midday trading on Wednesday, hitting $213.58. The stock had a trading volume of 4,416,567 shares, compared to its average volume of 7,892,288. The business has a 50-day simple moving average of $208.23 and a two-hundred day simple moving average of $194.39. SPDR Gold Shares has a fifty-two week low of $168.30 and a fifty-two week high of $225.09.

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).