Procyon Advisors LLC Reduces Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Procyon Advisors LLC lessened its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 11.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,427 shares of the exchange traded fund’s stock after selling 929 shares during the quarter. Procyon Advisors LLC’s holdings in SPDR Gold Shares were worth $1,528,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in GLD. Scarborough Advisors LLC lifted its stake in shares of SPDR Gold Shares by 10,133.3% in the 4th quarter. Scarborough Advisors LLC now owns 2,662,393 shares of the exchange traded fund’s stock valued at $508,970,000 after purchasing an additional 2,636,376 shares in the last quarter. International Assets Investment Management LLC lifted its position in SPDR Gold Shares by 19,989.3% during the 4th quarter. International Assets Investment Management LLC now owns 2,437,035 shares of the exchange traded fund’s stock worth $465,888,000 after acquiring an additional 2,424,904 shares in the last quarter. Global Assets Advisory LLC acquired a new position in SPDR Gold Shares during the 1st quarter worth approximately $144,269,000. GLOBALT Investments LLC GA acquired a new position in SPDR Gold Shares during the 4th quarter worth approximately $124,066,000. Finally, Toronto Dominion Bank lifted its position in SPDR Gold Shares by 14.5% during the 3rd quarter. Toronto Dominion Bank now owns 4,660,292 shares of the exchange traded fund’s stock worth $799,007,000 after acquiring an additional 591,368 shares in the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

GLD stock opened at $214.99 on Friday. SPDR Gold Shares has a 52-week low of $168.30 and a 52-week high of $225.66. The stock’s 50 day moving average is $216.43 and its two-hundred day moving average is $202.38.

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).