SPDR Gold Shares (NYSEARCA:GLD) Position Cut by Seamount Financial Group Inc.

Seamount Financial Group Inc. lowered its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 4.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 9,962 shares of the exchange traded fund’s stock after selling 442 shares during the period. SPDR Gold Shares accounts for 1.7% of Seamount Financial Group Inc.’s portfolio, making the stock its 18th biggest holding. Seamount Financial Group Inc.’s holdings in SPDR Gold Shares were worth $2,412,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in SPDR Gold Shares in the 3rd quarter worth about $28,000. Capital Performance Advisors LLP bought a new position in SPDR Gold Shares in the 3rd quarter worth approximately $35,000. Pittenger & Anderson Inc. acquired a new stake in SPDR Gold Shares in the 3rd quarter valued at approximately $38,000. Keystone Financial Group Inc. bought a new stake in SPDR Gold Shares during the 4th quarter valued at $39,000. Finally, Maryland Capital Advisors Inc. acquired a new position in SPDR Gold Shares during the 3rd quarter worth $40,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of GLD opened at $263.90 on Friday. SPDR Gold Shares has a one year low of $183.78 and a one year high of $266.35. The stock’s fifty day moving average is $247.93 and its 200-day moving average is $241.64.

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).