Lazard Asset Management LLC Trims Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Lazard Asset Management LLC lessened its stake in SPDR Gold Shares (NYSEARCA:GLD) by 0.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,945 shares of the exchange traded fund’s stock after selling 197 shares during the period. Lazard Asset Management LLC’s holdings in SPDR Gold Shares were worth $19,120,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Raymond James & Associates increased its position in SPDR Gold Shares by 2.8% during the first quarter. Raymond James & Associates now owns 868,088 shares of the exchange traded fund’s stock worth $178,583,000 after buying an additional 23,468 shares during the period. Evexia Wealth LLC increased its holdings in shares of SPDR Gold Shares by 36.6% in the 4th quarter. Evexia Wealth LLC now owns 4,672 shares of the exchange traded fund’s stock valued at $881,000 after acquiring an additional 1,253 shares during the period. TKG Advisors LLC increased its holdings in shares of SPDR Gold Shares by 0.7% in the 4th quarter. TKG Advisors LLC now owns 15,224 shares of the exchange traded fund’s stock valued at $2,910,000 after acquiring an additional 110 shares during the period. City Holding Co. raised its position in SPDR Gold Shares by 5.6% in the 1st quarter. City Holding Co. now owns 3,708 shares of the exchange traded fund’s stock valued at $763,000 after purchasing an additional 195 shares during the last quarter. Finally, Miracle Mile Advisors LLC boosted its stake in SPDR Gold Shares by 33.8% during the 4th quarter. Miracle Mile Advisors LLC now owns 2,401 shares of the exchange traded fund’s stock worth $459,000 after purchasing an additional 607 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock opened at $221.35 on Monday. SPDR Gold Shares has a 1 year low of $168.30 and a 1 year high of $229.65. The company’s fifty day moving average is $218.18 and its two-hundred day moving average is $207.38.

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).