SPDR Gold Shares (NYSEARCA:GLD) Stock Position Decreased by Tidal Investments LLC

Tidal Investments LLC cut its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 15.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 12,994 shares of the exchange traded fund’s stock after selling 2,433 shares during the quarter. Tidal Investments LLC’s holdings in SPDR Gold Shares were worth $2,661,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Personal Financial Services acquired a new stake in SPDR Gold Shares during the fourth quarter valued at $25,000. Frazier Financial Advisors LLC acquired a new stake in SPDR Gold Shares during the fourth quarter valued at $26,000. Northwest Investment Counselors LLC acquired a new stake in SPDR Gold Shares during the first quarter valued at $26,000. Gold Investment Management Ltd. bought a new position in SPDR Gold Shares during the fourth quarter valued at about $27,000. Finally, Security National Bank bought a new position in SPDR Gold Shares during the first quarter valued at about $28,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

NYSEARCA GLD traded down $0.53 during trading on Thursday, hitting $226.02. 4,049,142 shares of the company traded hands, compared to its average volume of 7,164,883. SPDR Gold Shares has a 12 month low of $168.30 and a 12 month high of $229.65. The business has a fifty day simple moving average of $218.19 and a 200 day simple moving average of $207.97.

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).