Vance Wealth Inc. Sells 110 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Vance Wealth Inc. cut its stake in SPDR Gold Shares (NYSEARCA:GLD) by 7.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,337 shares of the exchange traded fund’s stock after selling 110 shares during the period. Vance Wealth Inc.’s holdings in SPDR Gold Shares were worth $256,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. First Personal Financial Services purchased a new stake in SPDR Gold Shares in the 4th quarter valued at $25,000. Johnson Midwest Financial LLC grew its stake in shares of 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 worth $31,000 after acquiring an additional 140 shares during the period. Private Ocean LLC grew its holdings in SPDR Gold Shares by 232.7% during 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 in the last quarter. Naples Money Management LLC purchased a new position in SPDR Gold Shares during the 4th quarter valued at about $31,000. Finally, GAMMA Investing LLC bought a new stake in shares of SPDR Gold Shares during the 4th quarter valued at about $33,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD traded up $0.70 during mid-day trading on Friday, reaching $216.62. The stock had a trading volume of 6,268,504 shares, compared to its average volume of 11,521,039. The firm has a 50 day moving average price of $204.56 and a two-hundred day moving average price of $192.56. SPDR Gold Shares has a one year low of $168.30 and a one year high of $225.09.

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).