SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Signet Financial Management LLC

Signet Financial Management LLC lessened its stake in SPDR Gold Shares (NYSEARCA:GLD) by 9.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 831 shares of the exchange traded fund’s stock after selling 86 shares during the period. Signet Financial Management LLC’s holdings in SPDR Gold Shares were worth $201,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GLD. Courier Capital LLC raised its position in SPDR Gold Shares by 10.7% during the 4th quarter. Courier Capital LLC now owns 1,465 shares of the exchange traded fund’s stock worth $355,000 after buying an additional 142 shares during the last quarter. Peddock Capital Advisors LLC increased its stake in shares of SPDR Gold Shares by 62.2% during the fourth quarter. Peddock Capital Advisors LLC now owns 11,045 shares of the exchange traded fund’s stock worth $2,674,000 after acquiring an additional 4,234 shares during the period. Miracle Mile Advisors LLC raised its holdings in SPDR Gold Shares by 7.7% during the fourth quarter. Miracle Mile Advisors LLC now owns 5,015 shares of the exchange traded fund’s stock worth $1,214,000 after purchasing an additional 359 shares in the last quarter. Horizon Wealth Management LLC acquired a new stake in SPDR Gold Shares in the fourth quarter valued at about $12,379,000. Finally, Burns J W & Co. Inc. NY boosted its holdings in SPDR Gold Shares by 1.9% in the 4th quarter. Burns J W & Co. Inc. NY now owns 3,105 shares of the exchange traded fund’s stock valued at $752,000 after purchasing an additional 59 shares in the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Down 1.0 %

NYSEARCA GLD opened at $245.74 on Tuesday. The business’s 50 day moving average is $243.87 and its two-hundred day moving average is $237.59. SPDR Gold Shares has a 12-month low of $183.78 and a 12-month high of $257.71.

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).