Guidance Capital Inc. Sells 94 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Guidance Capital Inc. reduced its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,511 shares of the exchange traded fund’s stock after selling 94 shares during the period. Guidance Capital Inc.’s holdings in SPDR Gold Shares were worth $898,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of GLD. Ashton Thomas Securities LLC acquired a new position in SPDR Gold Shares during the third quarter worth about $28,000. Capital Performance Advisors LLP bought a new position in SPDR Gold Shares in the 3rd quarter valued at approximately $35,000. Pittenger & Anderson Inc. bought a new position in SPDR Gold Shares in the 3rd quarter valued at approximately $38,000. Sugarloaf Wealth Management LLC boosted its position in SPDR Gold Shares by 78.9% in the third quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 71 shares in the last quarter. Finally, Maryland Capital Advisors Inc. bought a new stake in shares of SPDR Gold Shares during the third quarter worth $40,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Up 1.0 %

Shares of GLD opened at $262.50 on Wednesday. SPDR Gold Shares has a 52 week low of $183.78 and a 52 week high of $262.54. The stock has a fifty day moving average of $246.73 and a 200-day moving average of $241.04.

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).