TCI Wealth Advisors Inc. lessened its stake in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 3.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,764 shares of the exchange traded fund’s stock after selling 68 shares during the quarter. TCI Wealth Advisors Inc.’s holdings in SPDR Gold Shares were worth $427,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the company. Sanctuary Advisors LLC bought a new stake in SPDR Gold Shares in the 2nd quarter valued at about $15,135,000. Centaurus Financial Inc. increased its stake in shares of SPDR Gold Shares by 10.1% in the second quarter. Centaurus Financial Inc. now owns 39,597 shares of the exchange traded fund’s stock worth $8,514,000 after purchasing an additional 3,630 shares in the last quarter. Paragon Capital Management Inc. bought a new stake in shares of SPDR Gold Shares in the second quarter valued at approximately $200,000. Bridge Advisory LLC purchased a new stake in shares of SPDR Gold Shares during the 3rd quarter valued at approximately $1,521,000. Finally, M&R Capital Management Inc. boosted its holdings in SPDR Gold Shares by 4.2% in the 3rd quarter. M&R Capital Management Inc. now owns 2,470 shares of the exchange traded fund’s stock worth $600,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Trading Up 1.5 %
SPDR Gold Shares stock opened at $258.05 on Friday. The firm has a 50 day simple moving average of $246.21 and a 200 day simple moving average of $240.38. SPDR Gold Shares has a 1-year low of $183.78 and a 1-year high of $258.29.
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).
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