Geneos Wealth Management Inc. Cuts Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Geneos Wealth Management Inc. lowered its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,836 shares of the exchange traded fund’s stock after selling 266 shares during the period. Geneos Wealth Management Inc.’s holdings in SPDR Gold Shares were worth $2,866,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Romano Brothers AND Company grew its stake in shares of SPDR Gold Shares by 1.0% during the third quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock worth $1,002,000 after acquiring an additional 40 shares during the last quarter. Delta Financial Group Inc. grew its position in SPDR Gold Shares by 1.2% during the 3rd quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock worth $849,000 after purchasing an additional 41 shares during the last quarter. Magnus Financial Group LLC grew its holdings in shares of SPDR Gold Shares by 0.6% during the fourth quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock valued at $1,780,000 after buying an additional 41 shares during the last quarter. Spinnaker Trust increased its holdings 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 purchasing an additional 43 shares during the period. Finally, Adirondack Trust Co. increased its holdings in SPDR Gold Shares by 3.3% in the 4th quarter. Adirondack Trust Co. now owns 1,349 shares of the exchange traded fund’s stock worth $327,000 after buying an additional 43 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock opened at $255.65 on Friday. The firm has a fifty day moving average price of $245.31 and a 200 day moving average price of $239.43. SPDR Gold Shares has a 1 year low of $183.78 and a 1 year 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).