MONECO Advisors LLC Sells 827 Shares of SPDR Gold Shares (NYSEARCA:GLD)

MONECO Advisors LLC reduced its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,329 shares of the exchange traded fund’s stock after selling 827 shares during the quarter. SPDR Gold Shares comprises 0.9% of MONECO Advisors LLC’s holdings, making the stock its 20th largest holding. MONECO Advisors LLC’s holdings in SPDR Gold Shares were worth $4,842,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in GLD. First Personal Financial Services acquired a new stake in SPDR Gold Shares in the fourth quarter valued at approximately $25,000. Johnson Midwest Financial LLC boosted its position in shares of SPDR Gold Shares by 350.0% during the third quarter. Johnson Midwest Financial LLC now owns 180 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 140 shares during the last quarter. Private Ocean LLC boosted its position in shares of SPDR Gold Shares by 232.7% during the fourth 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 during the last quarter. Naples Money Management LLC purchased a new position in shares of SPDR Gold Shares during the fourth quarter valued at approximately $31,000. Finally, GAMMA Investing LLC purchased a new position in shares of SPDR Gold Shares during the fourth quarter valued at approximately $33,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Down 1.9 %

Shares of NYSEARCA:GLD traded down $4.18 during mid-day trading on Tuesday, hitting $212.00. 11,212,974 shares of the company traded hands, compared to its average volume of 7,953,873. SPDR Gold Shares has a 12-month low of $168.30 and a 12-month high of $225.09. The stock has a 50-day moving average price of $205.15 and a two-hundred day moving average price of $192.99.

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).