SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by 1834 Investment Advisors Co.

1834 Investment Advisors Co. lowered its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 7.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 38,131 shares of the exchange traded fund’s stock after selling 3,045 shares during the period. SPDR Gold Shares accounts for 1.1% of 1834 Investment Advisors Co.’s portfolio, making the stock its 20th biggest holding. 1834 Investment Advisors Co.’s holdings in SPDR Gold Shares were worth $9,268,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Norden Group LLC acquired a new stake in shares of SPDR Gold Shares in the first quarter valued at $436,000. Daiwa Securities Group Inc. lifted its stake in SPDR Gold Shares by 3.7% in the 1st quarter. Daiwa Securities Group Inc. now owns 12,650 shares of the exchange traded fund’s stock worth $2,602,000 after acquiring an additional 450 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in SPDR Gold Shares during the 1st quarter worth about $1,065,000. Howland Capital Management LLC grew its stake in SPDR Gold Shares by 0.5% during the 1st quarter. Howland Capital Management LLC now owns 22,236 shares of the exchange traded fund’s stock valued at $4,574,000 after acquiring an additional 101 shares in the last quarter. Finally, Kades & Cheifetz LLC acquired a new position in shares of SPDR Gold Shares in the 1st quarter valued at about $201,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD stock opened at $253.36 on Wednesday. The firm has a 50 day simple moving average of $243.23 and a 200 day simple moving average of $228.11. SPDR Gold Shares has a 52 week low of $179.11 and a 52 week high of $257.71.

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).