SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by BTS Asset Management Inc.

BTS Asset Management Inc. reduced its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 22.5% in the 4th quarter, HoldingsChannel reports. The firm owned 1,067 shares of the exchange traded fund’s stock after selling 310 shares during the quarter. BTS Asset Management Inc.’s holdings in SPDR Gold Shares were worth $258,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Semmax Financial Advisors Inc. grew its position in shares of SPDR Gold Shares by 78.7% in the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 48 shares during the period. Ashton Thomas Securities LLC acquired a new position in SPDR Gold Shares during the third quarter valued at approximately $28,000. Capital Performance Advisors LLP acquired a new stake in SPDR Gold Shares in the 3rd quarter valued at $35,000. Pittenger & Anderson Inc. acquired a new position in shares of SPDR Gold Shares during the third quarter worth about $38,000. Finally, Sugarloaf Wealth Management LLC boosted its position in shares of SPDR Gold Shares by 78.9% in the third quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 71 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

SPDR Gold Shares stock opened at $249.27 on Friday. The stock’s 50 day moving average price is $243.82 and its 200 day moving average price is $237.98. SPDR Gold Shares has a one year low of $183.78 and a one year high of $257.71.

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).