SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by SOL Capital Management CO

SOL Capital Management CO trimmed its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 6.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,950 shares of the exchange traded fund’s stock after selling 200 shares during the period. SOL Capital Management CO’s holdings in SPDR Gold Shares were worth $714,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Single Point Partners LLC purchased a new stake in SPDR Gold Shares during the third quarter worth about $593,000. Delta Financial Group Inc. grew its holdings in shares of SPDR Gold Shares by 1.2% in the third quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock valued at $849,000 after purchasing an additional 41 shares in the last quarter. Granite Bay Wealth Management LLC increased its stake in SPDR Gold Shares by 6.0% during the 3rd quarter. Granite Bay Wealth Management LLC now owns 10,041 shares of the exchange traded fund’s stock worth $2,441,000 after buying an additional 566 shares during the period. Capital Market Strategies LLC lifted its holdings in SPDR Gold Shares by 5.5% during the 3rd quarter. Capital Market Strategies LLC now owns 1,292 shares of the exchange traded fund’s stock worth $314,000 after buying an additional 67 shares in the last quarter. Finally, HBW Advisory Services LLC boosted its position in SPDR Gold Shares by 22.5% in the 3rd quarter. HBW Advisory Services LLC now owns 4,085 shares of the exchange traded fund’s stock valued at $993,000 after buying an additional 751 shares during the period. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 0.2 %

SPDR Gold Shares stock opened at $258.56 on Friday. SPDR Gold Shares has a twelve month low of $183.78 and a twelve month high of $259.99. The stock’s fifty day simple moving average is $246.21 and its 200-day simple moving average is $240.38.

SPDR Gold Shares Company 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).