SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Modus Advisors LLC

Modus Advisors LLC lowered its stake in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 0.7% during the first quarter, Holdings Channel.com reports. The firm owned 8,622 shares of the exchange traded fund’s stock after selling 62 shares during the quarter. Modus Advisors LLC’s holdings in SPDR Gold Shares were worth $1,774,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Park National Corp OH raised its position in shares of SPDR Gold Shares by 104.4% during the 1st quarter. Park National Corp OH now owns 6,010 shares of the exchange traded fund’s stock worth $1,236,000 after acquiring an additional 3,070 shares in the last quarter. Ariston Services Group acquired a new stake in shares of SPDR Gold Shares during the 4th quarter worth about $3,621,000. BlueChip Wealth Advisors LLC acquired a new stake in shares of SPDR Gold Shares during the 4th quarter worth about $3,016,000. Walden Wealth Partners LLC acquired a new stake in shares of SPDR Gold Shares during the 4th quarter worth about $272,000. Finally, Ables Iannone Moore & Associates Inc. purchased a new position in SPDR Gold Shares during the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.4 %

NYSEARCA:GLD traded up $0.95 during mid-day trading on Tuesday, reaching $215.56. 4,023,920 shares of the stock were exchanged, compared to its average volume of 7,447,742. The company has a 50 day simple moving average of $216.93 and a 200-day simple moving average of $201.15. SPDR Gold Shares has a 1 year low of $168.30 and a 1 year high of $225.66.

About SPDR Gold Shares

(Free Report)

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).

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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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