Seamount Financial Group Inc. Decreases Position in SPDR Gold Shares (NYSEARCA:GLD)

Seamount Financial Group Inc. lessened its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 0.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,404 shares of the exchange traded fund’s stock after selling 95 shares during the quarter. SPDR Gold Shares makes up about 1.9% of Seamount Financial Group Inc.’s holdings, making the stock its 16th largest position. Seamount Financial Group Inc.’s holdings in SPDR Gold Shares were worth $2,529,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. City Holding Co. grew its holdings in SPDR Gold Shares by 5.6% during the 1st quarter. City Holding Co. now owns 3,708 shares of the exchange traded fund’s stock valued at $763,000 after buying an additional 195 shares during the last quarter. St. Johns Investment Management Company LLC lifted its position in shares of SPDR Gold Shares by 5.7% in the first quarter. St. Johns Investment Management Company LLC now owns 27,729 shares of the exchange traded fund’s stock valued at $5,704,000 after acquiring an additional 1,492 shares in the last quarter. Traynor Capital Management Inc. boosted its stake in shares of SPDR Gold Shares by 19.9% during the first quarter. Traynor Capital Management Inc. now owns 1,720 shares of the exchange traded fund’s stock valued at $354,000 after acquiring an additional 285 shares during the last quarter. AdvisorNet Financial Inc raised its stake in SPDR Gold Shares by 6.5% in the 1st quarter. AdvisorNet Financial Inc now owns 12,289 shares of the exchange traded fund’s stock valued at $2,528,000 after purchasing an additional 751 shares during the last quarter. Finally, Obermeyer Wood Investment Counsel Lllp lifted its holdings in SPDR Gold Shares by 4.4% in the 2nd quarter. Obermeyer Wood Investment Counsel Lllp now owns 11,645 shares of the exchange traded fund’s stock valued at $2,504,000 after purchasing an additional 490 shares in the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 1.1 %

Shares of NYSEARCA GLD opened at $251.27 on Friday. The company has a 50-day simple moving average of $237.71 and a 200-day simple moving average of $225.03. SPDR Gold Shares has a 12 month low of $179.11 and a 12 month high of $251.37.

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).