SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Commonwealth Financial Services LLC

Commonwealth Financial Services LLC cut its stake in SPDR Gold Shares (NYSEARCA:GLD) by 45.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,692 shares of the exchange traded fund’s stock after selling 2,276 shares during the quarter. Commonwealth Financial Services LLC’s holdings in SPDR Gold Shares were worth $652,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. International Assets Investment Management LLC grew its position in shares of 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 valued at $735,169,000 after purchasing an additional 3,010,682 shares in the last quarter. Stifel Financial Corp grew its position in shares of SPDR Gold Shares by 13.9% in the third quarter. Stifel Financial Corp now owns 822,531 shares of the exchange traded fund’s stock valued at $199,924,000 after purchasing an additional 100,149 shares in the last quarter. State Street Corp grew its position in shares of SPDR Gold Shares by 6.6% in the third quarter. State Street Corp now owns 764,315 shares of the exchange traded fund’s stock valued at $185,774,000 after purchasing an additional 47,507 shares in the last quarter. US Bancorp DE grew its position in shares of SPDR Gold Shares by 0.5% in the third quarter. US Bancorp DE now owns 691,648 shares of the exchange traded fund’s stock valued at $168,112,000 after purchasing an additional 3,614 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its position in shares of SPDR Gold Shares by 4.9% in the third quarter. Rockefeller Capital Management L.P. now owns 665,498 shares of the exchange traded fund’s stock valued at $161,670,000 after purchasing an additional 30,952 shares in the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

GLD stock opened at $259.94 on Tuesday. The business has a 50 day simple moving average of $246.38 and a 200-day simple moving average of $240.80. SPDR Gold Shares has a 1 year low of $183.78 and a 1 year high of $261.39.

About SPDR Gold Shares

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).