Telos Capital Management Inc. Has $1.16 Million Position in SPDR Gold Shares (NYSEARCA:GLD)

Telos Capital Management Inc. lessened its stake in SPDR Gold Shares (NYSEARCA:GLD) by 3.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,788 shares of the exchange traded fund’s stock after selling 165 shares during the period. Telos Capital Management Inc.’s holdings in SPDR Gold Shares were worth $1,159,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in GLD. Diversified Trust Co grew its position in shares of SPDR Gold Shares by 31.1% in the 3rd quarter. Diversified Trust Co now owns 3,854 shares of the exchange traded fund’s stock valued at $937,000 after buying an additional 915 shares during the last quarter. City Holding Co. grew its position in shares of SPDR Gold Shares by 20.7% in the 3rd quarter. City Holding Co. now owns 4,907 shares of the exchange traded fund’s stock valued at $1,193,000 after buying an additional 841 shares during the last quarter. CWM LLC grew its position in shares of SPDR Gold Shares by 2.0% in the 3rd quarter. CWM LLC now owns 191,260 shares of the exchange traded fund’s stock valued at $46,488,000 after buying an additional 3,661 shares during the last quarter. Heritage Wealth Partners LLC grew its position in shares of SPDR Gold Shares by 43.7% in the 3rd quarter. Heritage Wealth Partners LLC now owns 16,628 shares of the exchange traded fund’s stock valued at $4,042,000 after buying an additional 5,053 shares during the last quarter. Finally, Kelly Financial Services LLC grew its position in shares of SPDR Gold Shares by 32.1% in the 3rd quarter. Kelly Financial Services LLC now owns 2,146 shares of the exchange traded fund’s stock valued at $521,000 after buying an additional 522 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.3 %

NYSEARCA GLD opened at $263.43 on Friday. The business’s 50-day moving average price is $247.54 and its two-hundred day moving average price is $241.49. SPDR Gold Shares has a 12 month low of $183.78 and a 12 month high of $265.99.

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).