MADDEN SECURITIES Corp Sells 320 Shares of SPDR Gold Shares (NYSEARCA:GLD)

MADDEN SECURITIES Corp reduced its stake in SPDR Gold Shares (NYSEARCA:GLD) by 10.3% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,782 shares of the exchange traded fund’s stock after selling 320 shares during the quarter. MADDEN SECURITIES Corp’s holdings in SPDR Gold Shares were worth $674,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in GLD. Ashton Thomas Securities LLC purchased a new position in SPDR Gold Shares in the third quarter valued at about $28,000. Capital Performance Advisors LLP bought a new stake in shares of SPDR Gold Shares in the 3rd quarter worth approximately $35,000. Pittenger & Anderson Inc. purchased a new position in SPDR Gold Shares in the third quarter valued at approximately $38,000. Keystone Financial Group Inc. bought a new position in SPDR Gold Shares during the fourth quarter valued at $39,000. Finally, Maryland Capital Advisors Inc. purchased a new stake in SPDR Gold Shares in the third quarter worth $40,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $268.37 on Tuesday. SPDR Gold Shares has a 1 year low of $183.78 and a 1 year high of $268.66. The stock’s fifty day moving average price is $248.30 and its two-hundred day moving average price is $242.21.

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).