SignalPoint Asset Management LLC decreased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD – Get Rating) by 11.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,963 shares of the exchange traded fund’s stock after selling 644 shares during the quarter. SignalPoint Asset Management LLC’s holdings in SPDR Gold Shares were worth $897,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in GLD. Qube Research & Technologies Ltd bought a new stake in shares of SPDR Gold Shares in the 4th quarter worth $18,583,000. Nomura Asset Management Co. Ltd. increased its holdings in shares of SPDR Gold Shares by 1.0% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 61,000 shares of the exchange traded fund’s stock worth $10,429,000 after purchasing an additional 600 shares in the last quarter. RFG Advisory LLC grew its holdings in shares of SPDR Gold Shares by 20.7% in the fourth quarter. RFG Advisory LLC now owns 11,184 shares of the exchange traded fund’s stock worth $1,912,000 after acquiring an additional 1,917 shares during the period. Castle Rock Wealth Management LLC bought a new stake in shares of SPDR Gold Shares in the fourth quarter worth $206,000. Finally, Valmark Advisers Inc. grew its holdings in shares of SPDR Gold Shares by 7.2% in the fourth quarter. Valmark Advisers Inc. now owns 7,663 shares of the exchange traded fund’s stock worth $1,310,000 after acquiring an additional 513 shares during the period. Hedge funds and other institutional investors own 33.15% of the company’s stock.
SPDR Gold Shares Stock Performance
Shares of GLD traded down $1.88 during trading hours on Friday, hitting $165.29. The stock had a trading volume of 6,023,291 shares, compared to its average volume of 5,663,337. SPDR Gold Shares has a 12 month low of $158.02 and a 12 month high of $193.30. The stock has a fifty day moving average price of $166.71 and a 200 day moving average price of $173.28.
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).
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