American Investment Services Inc. cut its holdings in SPDR Gold Shares (NYSEARCA:GLD – Get Rating) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,869 shares of the exchange traded fund’s stock after selling 75 shares during the quarter. American Investment Services Inc.’s holdings in SPDR Gold Shares were worth $490,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of GLD. Outfitter Financial LLC purchased a new position in SPDR Gold Shares during the 4th quarter valued at about $26,000. Bell Investment Advisors Inc purchased a new position in SPDR Gold Shares during the 3rd quarter valued at about $44,000. Widmann Financial Services Inc. purchased a new position in SPDR Gold Shares during the 4th quarter valued at about $46,000. Kozak & Associates Inc. purchased a new position in SPDR Gold Shares during the 3rd quarter valued at about $55,000. Finally, Future Financial Wealth Managment LLC purchased a new position in SPDR Gold Shares during the 4th quarter valued at about $54,000. Hedge funds and other institutional investors own 35.34% of the company’s stock.
Shares of NYSEARCA GLD traded down $3.28 during trading hours on Monday, hitting $177.01. The stock had a trading volume of 1,522,880 shares, compared to its average volume of 12,731,153. The firm’s 50-day moving average price is $180.94 and its two-hundred day moving average price is $173.03. SPDR Gold Shares has a 52 week low of $160.68 and a 52 week high of $193.30.
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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