SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by GEM Asset Management LLC

GEM Asset Management LLC lowered its stake in SPDR Gold Shares (NYSEARCA:GLD) by 3.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,247 shares of the exchange traded fund’s stock after selling 48 shares during the period. GEM Asset Management LLC’s holdings in SPDR Gold Shares were worth $302,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of GLD. Jmac Enterprises LLC raised its position in shares of SPDR Gold Shares by 56.4% during the 4th quarter. Jmac Enterprises LLC now owns 3,327 shares of the exchange traded fund’s stock valued at $806,000 after acquiring an additional 1,200 shares in the last quarter. Avidian Wealth Enterprises LLC increased its stake in SPDR Gold Shares by 2.8% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 9,880 shares of the exchange traded fund’s stock valued at $2,392,000 after purchasing an additional 267 shares during the last quarter. Kentucky Trust Co acquired a new stake in shares of SPDR Gold Shares during the fourth quarter worth $76,000. Gladstone Institutional Advisory LLC lifted its position in shares of SPDR Gold Shares by 16.6% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 36,384 shares of the exchange traded fund’s stock worth $8,810,000 after buying an additional 5,185 shares during the last quarter. Finally, Alaska Permanent Capital Management boosted its holdings in shares of SPDR Gold Shares by 65.4% in the 4th quarter. Alaska Permanent Capital Management now owns 5,425 shares of the exchange traded fund’s stock valued at $1,307,000 after buying an additional 2,145 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.4 %

Shares of NYSEARCA:GLD opened at $267.39 on Wednesday. SPDR Gold Shares has a fifty-two week low of $183.78 and a fifty-two week high of $268.66. The firm has a 50-day simple moving average of $248.80 and a 200 day simple moving average of $242.56.

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).