Chesley Taft & Associates LLC Trims Stake in SPDR Gold Shares (NYSEARCA:GLD)

Chesley Taft & Associates LLC trimmed its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 1.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 105,477 shares of the exchange traded fund’s stock after selling 1,091 shares during the quarter. SPDR Gold Shares makes up about 1.1% of Chesley Taft & Associates LLC’s portfolio, making the stock its 28th biggest position. Chesley Taft & Associates LLC’s holdings in SPDR Gold Shares were worth $21,699,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. American National Bank raised its position in SPDR Gold Shares by 50.0% during the 1st quarter. American National Bank now owns 150 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 50 shares in the last quarter. Wealth Management Partners LLC raised its holdings in shares of SPDR Gold Shares by 3.1% in the 1st quarter. Wealth Management Partners LLC now owns 1,720 shares of the exchange traded fund’s stock valued at $354,000 after purchasing an additional 51 shares in the last quarter. Compass Ion Advisors LLC lifted its position 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 worth $1,589,000 after purchasing an additional 54 shares during the period. Capital Market Strategies LLC increased its holdings in SPDR Gold Shares by 4.6% during the fourth quarter. Capital Market Strategies LLC now owns 1,247 shares of the exchange traded fund’s stock valued at $238,000 after buying an additional 55 shares during the period. Finally, JB Capital LLC lifted its holdings in SPDR Gold Shares by 2.4% during the fourth quarter. JB Capital LLC now owns 2,379 shares of the exchange traded fund’s stock worth $455,000 after buying an additional 55 shares during the period. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Trading Up 1.1 %

Shares of NYSEARCA:GLD traded up $2.41 on Thursday, reaching $214.99. The company had a trading volume of 4,691,157 shares, compared to its average volume of 7,372,182. SPDR Gold Shares has a 52-week low of $168.30 and a 52-week high of $225.66. The firm’s 50 day simple moving average is $216.43 and its 200-day simple moving average is $202.38.

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).