SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by 44 Wealth Management LLC

44 Wealth Management LLC reduced its position in SPDR Gold Shares (NYSEARCA:GLD) by 10.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,232 shares of the exchange traded fund’s stock after selling 868 shares during the quarter. 44 Wealth Management LLC’s holdings in SPDR Gold Shares were worth $1,751,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of GLD. Romano Brothers AND Company grew its holdings in SPDR Gold Shares by 1.0% during the 3rd quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock worth $1,002,000 after acquiring an additional 40 shares in the last quarter. Clarus Group Inc. grew its stake in shares of SPDR Gold Shares by 2.2% during the fourth quarter. Clarus Group Inc. now owns 1,825 shares of the exchange traded fund’s stock worth $442,000 after purchasing an additional 40 shares in the last quarter. Magnus Financial Group LLC raised its position in shares of SPDR Gold Shares by 0.6% during the 4th quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock worth $1,780,000 after acquiring an additional 41 shares in the last quarter. Pittenger & Anderson Inc. lifted its position in shares of SPDR Gold Shares by 25.9% during the 4th quarter. Pittenger & Anderson Inc. now owns 199 shares of the exchange traded fund’s stock worth $48,000 after buying an additional 41 shares during the last quarter. Finally, Gradient Capital Advisors LLC boosted its stake in SPDR Gold Shares by 0.7% in the fourth quarter. Gradient Capital Advisors LLC now owns 5,743 shares of the exchange traded fund’s stock valued at $1,391,000 after acquiring an additional 42 shares in the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock opened at $270.74 on Friday. The company’s fifty day moving average is $253.00 and its two-hundred day moving average is $245.15. SPDR Gold Shares has a 1 year low of $187.05 and a 1 year high of $271.84.

SPDR Gold Shares Profile

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).