Valley Wealth Managers Inc. Trims Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Valley Wealth Managers Inc. trimmed its position in SPDR Gold Shares (NYSEARCA:GLD) by 78.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 372 shares of the exchange traded fund’s stock after selling 1,344 shares during the quarter. Valley Wealth Managers Inc.’s holdings in SPDR Gold Shares were worth $77,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Scarborough Advisors LLC raised its position in SPDR Gold Shares by 10,133.3% during the fourth quarter. Scarborough Advisors LLC now owns 2,662,393 shares of the exchange traded fund’s stock valued at $508,970,000 after acquiring an additional 2,636,376 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of SPDR Gold Shares by 19,989.3% in the fourth quarter. International Assets Investment Management LLC now owns 2,437,035 shares of the exchange traded fund’s stock valued at $465,888,000 after buying an additional 2,424,904 shares in the last quarter. Euclidean Capital LLC increased its position in shares of SPDR Gold Shares by 91.4% in the third quarter. Euclidean Capital LLC now owns 1,062,500 shares of the exchange traded fund’s stock valued at $182,166,000 after buying an additional 507,500 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of SPDR Gold Shares by 4.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 1,054,867 shares of the exchange traded fund’s stock valued at $201,659,000 after buying an additional 47,681 shares in the last quarter. Finally, Raymond James & Associates increased its position in shares of SPDR Gold Shares by 2.8% in the first quarter. Raymond James & Associates now owns 868,088 shares of the exchange traded fund’s stock valued at $178,583,000 after buying an additional 23,468 shares in the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 1.9 %

Shares of SPDR Gold Shares stock traded up $4.14 on Thursday, reaching $223.50. The company’s stock had a trading volume of 7,892,177 shares, compared to its average volume of 7,223,769. The stock has a 50-day moving average price of $216.69 and a 200-day moving average price of $204.47. SPDR Gold Shares has a 52-week low of $168.30 and a 52-week high of $225.66.

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).