Newbridge Financial Services Group Inc. Trims Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Newbridge Financial Services Group Inc. reduced its holdings in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 35.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,777 shares of the exchange traded fund’s stock after selling 960 shares during the period. Newbridge Financial Services Group Inc.’s holdings in SPDR Gold Shares were worth $340,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in GLD. Compass Ion Advisors LLC increased its holdings in shares of SPDR Gold Shares by 0.7% in the 4th quarter. Compass Ion Advisors LLC now owns 8,313 shares of the exchange traded fund’s stock valued at $1,589,000 after purchasing an additional 54 shares during the period. Capital Market Strategies LLC increased its holdings in shares of SPDR Gold Shares by 4.6% in the 4th quarter. Capital Market Strategies LLC now owns 1,247 shares of the exchange traded fund’s stock valued at $238,000 after purchasing an additional 55 shares during the period. JB Capital LLC increased its holdings in shares of SPDR Gold Shares by 2.4% in the 4th quarter. JB Capital LLC now owns 2,379 shares of the exchange traded fund’s stock valued at $455,000 after purchasing an additional 55 shares during the period. Sandy Spring Bank increased its holdings in shares of SPDR Gold Shares by 4.0% in the 4th quarter. Sandy Spring Bank now owns 1,456 shares of the exchange traded fund’s stock valued at $278,000 after purchasing an additional 56 shares during the period. Finally, Salem Investment Counselors Inc. increased its holdings in shares of SPDR Gold Shares by 12.8% in the 4th quarter. Salem Investment Counselors Inc. now owns 527 shares of the exchange traded fund’s stock valued at $101,000 after purchasing an additional 60 shares during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

Shares of GLD traded up $0.36 during trading hours on Tuesday, reaching $214.97. The company’s stock had a trading volume of 1,372,208 shares, compared to its average volume of 7,426,382. SPDR Gold Shares has a 1-year low of $168.30 and a 1-year high of $225.66. The company has a 50 day moving average of $216.93 and a two-hundred day moving average of $201.15.

SPDR Gold Shares Profile

(Free Report)

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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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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