SPDR Gold Shares (NYSEARCA:GLD) Stake Lowered by Transcendent Capital Group LLC

Transcendent Capital Group LLC trimmed its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 7.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,289 shares of the exchange traded fund’s stock after selling 97 shares during the period. Transcendent Capital Group LLC’s holdings in SPDR Gold Shares were worth $312,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Strategic Financial Concepts LLC increased its position in SPDR Gold Shares by 24,600.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 608,876 shares of the exchange traded fund’s stock worth $147,427,000 after purchasing an additional 606,411 shares during the last quarter. Diversify Advisory Services LLC grew its stake in shares of SPDR Gold Shares by 446.0% in the 4th quarter. Diversify Advisory Services LLC now owns 239,355 shares of the exchange traded fund’s stock valued at $59,410,000 after buying an additional 195,520 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in SPDR Gold Shares by 47.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 454,153 shares of the exchange traded fund’s stock worth $110,386,000 after buying an additional 146,271 shares during the last quarter. Banco Santander S.A. raised its position in SPDR Gold Shares by 245.1% during the third quarter. Banco Santander S.A. now owns 160,721 shares of the exchange traded fund’s stock valued at $39,065,000 after acquiring an additional 114,151 shares in the last quarter. Finally, Stifel Financial Corp raised its position in SPDR Gold Shares by 13.9% during the third quarter. Stifel Financial Corp now owns 822,531 shares of the exchange traded fund’s stock valued at $199,924,000 after acquiring an additional 100,149 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD stock opened at $272.21 on Tuesday. The firm has a 50 day moving average of $253.55 and a two-hundred day moving average of $245.84. SPDR Gold Shares has a 12 month low of $187.53 and a 12 month high of $272.32.

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).