Calton & Associates Inc. cut its position in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 49.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,597 shares of the exchange traded fund’s stock after selling 6,547 shares during the quarter. Calton & Associates Inc.’s holdings in SPDR Gold Shares were worth $1,357,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Northwest Investment Counselors LLC bought a new stake in SPDR Gold Shares in the 1st quarter valued at about $26,000. First Personal Financial Services bought a new stake in shares of SPDR Gold Shares during the 4th quarter worth about $25,000. Frazier Financial Advisors LLC bought a new stake in shares of SPDR Gold Shares during the 4th quarter worth about $26,000. Security National Bank bought a new stake in shares of SPDR Gold Shares during the 1st quarter worth about $28,000. Finally, Gold Investment Management Ltd. bought a new stake in shares of SPDR Gold Shares during the 4th quarter worth about $27,000. 42.19% of the stock is currently owned by institutional investors.
SPDR Gold Shares Stock Up 0.0 %
Shares of GLD stock traded up $0.03 during midday trading on Friday, reaching $215.02. 3,936,317 shares of the company were exchanged, compared to its average volume of 7,344,677. SPDR Gold Shares has a 12 month low of $168.30 and a 12 month high of $225.66. The company’s 50 day moving average price is $216.20 and its two-hundred day moving average price is $202.69.
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).
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