Harvest Fund Management Co. Ltd Has $3.70 Million Position in SPDR Gold Shares (NYSEARCA:GLD)

Harvest Fund Management Co. Ltd lowered its stake in SPDR Gold Shares (NYSEARCA:GLD) by 2.6% in the fourth quarter, Holdings Channel reports. The fund owned 19,336 shares of the exchange traded fund’s stock after selling 509 shares during the quarter. SPDR Gold Shares accounts for approximately 0.6% of Harvest Fund Management Co. Ltd’s investment portfolio, making the stock its 29th largest holding. Harvest Fund Management Co. Ltd’s holdings in SPDR Gold Shares were worth $3,697,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in GLD. First Personal Financial Services bought a new position in shares of SPDR Gold Shares in the fourth quarter worth about $25,000. Johnson Midwest Financial LLC raised its holdings in SPDR Gold Shares by 350.0% in the 3rd quarter. Johnson Midwest Financial LLC now owns 180 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 140 shares during the last quarter. Private Ocean LLC raised its holdings in SPDR Gold Shares by 232.7% in the 4th quarter. Private Ocean LLC now owns 163 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 114 shares during the last quarter. Naples Money Management LLC bought a new position in SPDR Gold Shares in the 4th quarter valued at approximately $31,000. Finally, GAMMA Investing LLC bought a new position in SPDR Gold Shares in the 4th quarter valued at approximately $33,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.3 %

NYSEARCA GLD traded down $0.57 during trading hours on Tuesday, reaching $215.00. The company’s stock had a trading volume of 10,725,456 shares, compared to its average volume of 7,999,175. The firm has a fifty day simple moving average of $202.74 and a 200-day simple moving average of $191.79. SPDR Gold Shares has a 52 week low of $168.30 and a 52 week high of $225.09.

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).