SPDR Gold Shares (NYSEARCA:GLD) Stock Position Lessened by 1834 Investment Advisors Co.

1834 Investment Advisors Co. reduced its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 8.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,086 shares of the exchange traded fund’s stock after selling 3,045 shares during the quarter. SPDR Gold Shares comprises about 1.1% of 1834 Investment Advisors Co.’s investment portfolio, making the stock its 23rd largest holding. 1834 Investment Advisors Co.’s holdings in SPDR Gold Shares were worth $8,495,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Ashton Thomas Securities LLC bought a new stake in SPDR Gold Shares in the third quarter worth about $28,000. Capital Performance Advisors LLP bought a new position in shares of SPDR Gold Shares in the third quarter valued at $35,000. Pittenger & Anderson Inc. acquired a new stake in shares of SPDR Gold Shares during the 3rd quarter valued at $38,000. Sugarloaf Wealth Management LLC grew its holdings in shares of SPDR Gold Shares by 78.9% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 71 shares during the last quarter. Finally, Maryland Capital Advisors Inc. purchased a new stake in shares of SPDR Gold Shares in the 3rd quarter valued at approximately $40,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.6 %

NYSEARCA GLD opened at $255.65 on Friday. The firm’s 50 day moving average price is $245.31 and its two-hundred day moving average price is $239.43. SPDR Gold Shares has a twelve month low of $183.78 and a twelve month high of $257.71.

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).