Janney Capital Management LLC Trims Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Janney Capital Management LLC reduced its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.8% in the fourth quarter, Holdings Channel reports. The fund owned 85,806 shares of the exchange traded fund’s stock after selling 3,352 shares during the quarter. SPDR Gold Shares makes up about 1.4% of Janney Capital Management LLC’s portfolio, making the stock its 10th biggest position. Janney Capital Management LLC’s holdings in SPDR Gold Shares were worth $20,776,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC raised its holdings in SPDR Gold Shares by 21,571.1% during the 3rd quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock valued at $735,169,000 after buying an additional 3,010,682 shares during the period. AlTi Global Inc. raised its stake in shares of SPDR Gold Shares by 145.0% in the second quarter. AlTi Global Inc. now owns 335,937 shares of the exchange traded fund’s stock valued at $72,212,000 after acquiring an additional 198,823 shares during the period. Diversify Advisory Services LLC raised its stake in shares of SPDR Gold Shares by 446.0% in the fourth quarter. Diversify Advisory Services LLC now owns 239,355 shares of the exchange traded fund’s stock valued at $59,410,000 after acquiring an additional 195,520 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of SPDR Gold Shares by 47.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 454,153 shares of the exchange traded fund’s stock worth $110,386,000 after acquiring an additional 146,271 shares during the last quarter. Finally, Banco Santander S.A. boosted its stake in shares of SPDR Gold Shares by 245.1% during the 3rd quarter. Banco Santander S.A. now owns 160,721 shares of the exchange traded fund’s stock worth $39,065,000 after purchasing an additional 114,151 shares during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

SPDR Gold Shares stock opened at $254.01 on Wednesday. SPDR Gold Shares has a 1-year low of $183.78 and a 1-year high of $257.71. The company’s 50-day moving average is $244.25 and its 200 day moving average is $238.96.

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).