Capital Investment Advisors LLC Sells 406 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Capital Investment Advisors LLC reduced its stake in SPDR Gold Shares (NYSEARCA:GLD) by 3.5% during the 4th quarter, Holdings Channel reports. The fund owned 11,295 shares of the exchange traded fund’s stock after selling 406 shares during the period. Capital Investment Advisors LLC’s holdings in SPDR Gold Shares were worth $2,735,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Trust Co. of Toledo NA OH lifted its holdings in shares of SPDR Gold Shares by 7.3% during the fourth quarter. Trust Co. of Toledo NA OH now owns 8,618 shares of the exchange traded fund’s stock worth $2,087,000 after buying an additional 585 shares in the last quarter. Fiduciary Alliance LLC raised its stake in SPDR Gold Shares by 16.5% in the 4th quarter. Fiduciary Alliance LLC now owns 2,778 shares of the exchange traded fund’s stock worth $673,000 after purchasing an additional 393 shares in the last quarter. Aprio Wealth Management LLC boosted its holdings in SPDR Gold Shares by 3.4% in the 4th quarter. Aprio Wealth Management LLC now owns 6,210 shares of the exchange traded fund’s stock valued at $1,504,000 after purchasing an additional 206 shares during the period. LVM Capital Management Ltd. MI grew its position in shares of SPDR Gold Shares by 3.3% during the 4th quarter. LVM Capital Management Ltd. MI now owns 6,325 shares of the exchange traded fund’s stock worth $1,531,000 after purchasing an additional 200 shares in the last quarter. Finally, Ridgewood Investments LLC increased its holdings in shares of SPDR Gold Shares by 16.6% during the fourth quarter. Ridgewood Investments LLC now owns 974 shares of the exchange traded fund’s stock worth $236,000 after purchasing an additional 139 shares during the period. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Down 1.0 %

NYSEARCA GLD opened at $245.74 on Tuesday. SPDR Gold Shares has a 1-year low of $183.78 and a 1-year high of $257.71. The company has a 50 day moving average of $243.87 and a 200-day moving average of $237.59.

About SPDR Gold Shares

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).