Stratos Investment Management LLC Decreases Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Stratos Investment Management LLC decreased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 44.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 883 shares of the exchange traded fund’s stock after selling 700 shares during the period. Stratos Investment Management LLC’s holdings in SPDR Gold Shares were worth $215,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP raised its holdings in shares of SPDR Gold Shares by 8.5% during the 4th quarter. Wellington Management Group LLP now owns 221,938 shares of the exchange traded fund’s stock worth $42,428,000 after acquiring an additional 17,428 shares in the last quarter. Banque Cantonale Vaudoise raised its stake in SPDR Gold Shares by 10.3% during the first quarter. Banque Cantonale Vaudoise now owns 6,200 shares of the exchange traded fund’s stock valued at $1,275,000 after purchasing an additional 581 shares in the last quarter. City Holding Co. lifted its position in SPDR Gold Shares by 5.6% during the first quarter. City Holding Co. now owns 3,708 shares of the exchange traded fund’s stock valued at $763,000 after purchasing an additional 195 shares during the last quarter. Northwest Investment Counselors LLC purchased a new position in shares of SPDR Gold Shares in the 1st quarter worth $26,000. Finally, AdvisorNet Financial Inc increased its holdings in shares of SPDR Gold Shares by 6.5% in the 1st quarter. AdvisorNet Financial Inc now owns 12,289 shares of the exchange traded fund’s stock worth $2,528,000 after buying an additional 751 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $251.27 on Friday. SPDR Gold Shares has a 12-month low of $179.11 and a 12-month high of $251.37. The firm’s 50-day moving average price is $237.71 and its 200-day moving average price is $225.03.

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).