SignalPoint Asset Management LLC Trims Stake in SPDR Gold Shares (NYSEARCA:GLD)

SignalPoint Asset Management LLC lowered its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 18.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,630 shares of the exchange traded fund’s stock after selling 593 shares during the period. SignalPoint Asset Management LLC’s holdings in SPDR Gold Shares were worth $637,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Romano Brothers AND Company raised its position in SPDR Gold Shares by 1.0% in the third quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock valued at $1,002,000 after purchasing an additional 40 shares during the period. Delta Financial Group Inc. raised its position in SPDR Gold Shares by 1.2% in the third quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock valued at $849,000 after purchasing an additional 41 shares during the period. Spinnaker Trust grew its stake in shares of SPDR Gold Shares by 1.1% in the third quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock valued at $956,000 after buying an additional 43 shares in the last quarter. Compton Wealth Advisory Group LLC grew its stake in shares of SPDR Gold Shares by 3.2% in the third quarter. Compton Wealth Advisory Group LLC now owns 1,409 shares of the exchange traded fund’s stock valued at $342,000 after buying an additional 44 shares in the last quarter. Finally, Acorn Wealth Advisors LLC grew its stake in shares of SPDR Gold Shares by 1.4% in the third quarter. Acorn Wealth Advisors LLC now owns 3,242 shares of the exchange traded fund’s stock valued at $788,000 after buying an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.7 %

Shares of NYSEARCA GLD opened at $248.88 on Thursday. SPDR Gold Shares has a twelve month low of $183.78 and a twelve month high of $257.71. The stock has a fifty day simple moving average of $243.74 and a 200-day simple moving average of $237.81.

About SPDR Gold Shares

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).