Bryn Mawr Capital Management LLC Reduces Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Bryn Mawr Capital Management LLC cut its stake in SPDR Gold Shares (NYSEARCA:GLD) by 4.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,221 shares of the exchange traded fund’s stock after selling 182 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in SPDR Gold Shares were worth $1,022,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in GLD. Eastern Bank purchased a new stake in shares of SPDR Gold Shares during the 3rd quarter valued at about $806,000. Greenleaf Trust increased its holdings in SPDR Gold Shares by 29.2% during the third quarter. Greenleaf Trust now owns 4,361 shares of the exchange traded fund’s stock valued at $1,060,000 after buying an additional 985 shares during the last quarter. International Assets Investment Management LLC raised its position in SPDR Gold Shares by 21,571.1% in the third quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock worth $735,169,000 after acquiring an additional 3,010,682 shares during the period. Tanager Wealth Management LLP purchased a new position in shares of SPDR Gold Shares during the 3rd quarter worth $200,000. Finally, Patrick M Sweeney & Associates Inc. bought a new stake in shares of SPDR Gold Shares during the 3rd quarter valued at $216,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $270.99 on Friday. SPDR Gold Shares has a one year low of $187.05 and a one year high of $271.84. The business has a fifty day moving average price of $252.48 and a 200-day moving average price of $244.82.

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).