Fractal Investments LLC Decreases Position in SPDR Gold Shares (NYSEARCA:GLD)

Fractal Investments LLC lowered its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 78.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,300 shares of the exchange traded fund’s stock after selling 11,700 shares during the quarter. Fractal Investments LLC’s holdings in SPDR Gold Shares were worth $631,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of GLD. First Personal Financial Services purchased a new position in shares of SPDR Gold Shares during the fourth quarter valued at approximately $25,000. Johnson Midwest Financial LLC boosted its holdings in SPDR Gold Shares by 350.0% during the 3rd quarter. Johnson Midwest Financial LLC now owns 180 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 140 shares during the period. Private Ocean LLC grew its position 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 acquiring 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 $31,000. Finally, GAMMA Investing LLC purchased a new position in SPDR Gold Shares in the 4th quarter worth about $33,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

SPDR Gold Shares stock traded down $0.39 during trading hours on Wednesday, hitting $214.65. The company had a trading volume of 5,735,987 shares, compared to its average volume of 7,969,864. The company has a 50-day moving average price of $203.35 and a two-hundred day moving average price of $191.95. SPDR Gold Shares has a 1 year low of $168.30 and a 1 year 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).