SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by HM Payson & Co.

HM Payson & Co. cut its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,645 shares of the exchange traded fund’s stock after selling 60 shares during the quarter. HM Payson & Co.’s holdings in SPDR Gold Shares were worth $1,129,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of GLD. Romano Brothers AND Company increased its position in SPDR Gold Shares by 1.0% in the 3rd quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock valued at $1,002,000 after acquiring an additional 40 shares in the last quarter. Delta Financial Group Inc. grew its stake in shares of SPDR Gold Shares by 1.2% during 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 last quarter. Compton Wealth Advisory Group LLC increased its holdings 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 purchasing an additional 44 shares in the last quarter. Ballast Inc. raised its position in SPDR Gold Shares by 3.6% in the 2nd quarter. Ballast Inc. now owns 1,295 shares of the exchange traded fund’s stock worth $278,000 after purchasing an additional 45 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its holdings in SPDR Gold Shares by 2.2% during the 2nd quarter. Sunbelt Securities Inc. now owns 2,116 shares of the exchange traded fund’s stock worth $455,000 after buying an additional 45 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Down 1.5 %

Shares of GLD opened at $253.59 on Friday. SPDR Gold Shares has a 52 week low of $179.11 and a 52 week high of $257.71. The business’s fifty day moving average price is $242.02 and its two-hundred day moving average price is $227.34.

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).