Sterling Financial Planning Inc. Sells 531 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Sterling Financial Planning Inc. trimmed its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 16,032 shares of the exchange traded fund’s stock after selling 531 shares during the period. SPDR Gold Shares makes up about 1.3% of Sterling Financial Planning Inc.’s investment portfolio, making the stock its 23rd biggest position. Sterling Financial Planning Inc.’s holdings in SPDR Gold Shares were worth $3,065,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. First Personal Financial Services acquired a new stake in shares of SPDR Gold Shares during the 4th quarter worth about $25,000. Johnson Midwest Financial LLC increased its position 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 purchasing an additional 140 shares in the last quarter. Private Ocean LLC increased its position in shares of SPDR Gold Shares by 232.7% during the 4th quarter. Private Ocean LLC now owns 163 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 114 shares in the last quarter. First Command Advisory Services Inc. acquired a new stake in shares of SPDR Gold Shares during the 3rd quarter worth about $34,000. Finally, Worth Asset Management LLC acquired a new stake in SPDR Gold Shares in the 1st quarter valued at about $36,000. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Trading Up 0.3 %

GLD traded up $0.75 during midday trading on Thursday, hitting $220.34. The company had a trading volume of 6,486,733 shares, compared to its average volume of 7,881,406. SPDR Gold Shares has a twelve month low of $168.30 and a twelve month high of $225.09. The firm’s 50-day simple moving average is $200.25 and its 200-day simple moving average is $190.27.

SPDR Gold Shares Company 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).