Salomon & Ludwin LLC Sells 2,628 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Salomon & Ludwin LLC decreased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 79.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 677 shares of the exchange traded fund’s stock after selling 2,628 shares during the quarter. Salomon & Ludwin LLC’s holdings in SPDR Gold Shares were worth $164,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in GLD. Ashton Thomas Securities LLC bought a new stake in shares of SPDR Gold Shares in the 3rd quarter valued at $28,000. Roxbury Financial LLC bought a new stake in shares of SPDR Gold Shares in the 4th quarter valued at $31,000. PayPay Securities Corp increased its position in shares of SPDR Gold Shares by 55.3% in the 4th quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock valued at $32,000 after buying an additional 47 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of SPDR Gold Shares in the 3rd quarter valued at $35,000. Finally, Pittenger & Anderson Inc. acquired a new position in SPDR Gold Shares in the 3rd quarter worth $38,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 1.5 %

Shares of NYSEARCA GLD opened at $266.29 on Friday. SPDR Gold Shares has a 1-year low of $184.84 and a 1-year high of $270.39. The company has a fifty day moving average price of $250.28 and a 200 day moving average price of $243.26.

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).