Global Financial Private Client LLC Lowers Position in SPDR Gold Shares (NYSEARCA:GLD)

Global Financial Private Client LLC lowered its stake in SPDR Gold Shares (NYSEARCA:GLD) by 6.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,447 shares of the exchange traded fund’s stock after selling 181 shares during the quarter. Global Financial Private Client LLC’s holdings in SPDR Gold Shares were worth $592,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the company. Signal Advisors Wealth LLC raised its position in shares of SPDR Gold Shares by 100.6% during the fourth quarter. Signal Advisors Wealth LLC now owns 10,425 shares of the exchange traded fund’s stock valued at $2,524,000 after buying an additional 5,229 shares during the last quarter. Professional Financial Advisors LLC increased its holdings in SPDR Gold Shares by 4.4% in the 4th quarter. Professional Financial Advisors LLC now owns 10,298 shares of the exchange traded fund’s stock valued at $2,493,000 after acquiring an additional 435 shares during the last quarter. Christensen King & Associates Investment Services Inc. lifted its stake in SPDR Gold Shares by 1.7% in the 4th quarter. Christensen King & Associates Investment Services Inc. now owns 3,538 shares of the exchange traded fund’s stock worth $854,000 after purchasing an additional 60 shares in the last quarter. Grandview Asset Management LLC grew its position in shares of SPDR Gold Shares by 11.4% during the fourth quarter. Grandview Asset Management LLC now owns 4,477 shares of the exchange traded fund’s stock valued at $1,084,000 after purchasing an additional 459 shares in the last quarter. Finally, PSI Advisors LLC lifted its position in shares of SPDR Gold Shares by 48.1% in the fourth quarter. PSI Advisors LLC now owns 465 shares of the exchange traded fund’s stock worth $113,000 after buying an additional 151 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Down 1.0 %

NYSEARCA:GLD opened at $245.74 on Tuesday. SPDR Gold Shares has a 1 year low of $183.78 and a 1 year high of $257.71. The stock’s 50 day simple moving average is $243.87 and its two-hundred day simple moving average is $237.59.

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).