BTS Asset Management Inc. Reduces Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

BTS Asset Management Inc. decreased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 22.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,067 shares of the exchange traded fund’s stock after selling 310 shares during the period. BTS Asset Management Inc.’s holdings in SPDR Gold Shares were worth $258,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Semmax Financial Advisors Inc. increased its position in shares of SPDR Gold Shares by 78.7% during the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 48 shares during the period. Ashton Thomas Securities LLC purchased a new position in SPDR Gold Shares in the 3rd quarter worth $28,000. Capital Performance Advisors LLP purchased a new stake in SPDR Gold Shares during the 3rd quarter valued at about $35,000. Pittenger & Anderson Inc. acquired a new position in shares of SPDR Gold Shares in the third quarter valued at about $38,000. Finally, Sugarloaf Wealth Management LLC raised its stake in shares of SPDR Gold Shares by 78.9% in the third quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 71 shares during the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Down 0.5 %

Shares of NYSEARCA GLD opened at $249.27 on Friday. SPDR Gold Shares has a 52 week low of $183.78 and a 52 week high of $257.71. The business’s 50 day moving average price is $243.82 and its 200 day moving average price is $237.98.

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).