Richard C. Young & CO. LTD. lessened its position in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 2.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 133,002 shares of the exchange traded fund’s stock after selling 2,915 shares during the quarter. SPDR Gold Shares makes up about 3.5% of Richard C. Young & CO. LTD.’s investment portfolio, making the stock its 2nd largest holding. Richard C. Young & CO. LTD.’s holdings in SPDR Gold Shares were worth $32,204,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the business. Ashton Thomas Securities LLC bought a new position in SPDR Gold Shares in the 3rd quarter worth about $28,000. Capital Performance Advisors LLP bought a new position in SPDR Gold Shares during the third quarter valued at approximately $35,000. Pittenger & Anderson Inc. bought a new stake in shares of SPDR Gold Shares in the third quarter worth $38,000. Keystone Financial Group Inc. bought a new position in shares of SPDR Gold Shares in the 4th quarter worth approximately $39,000. Finally, Maryland Capital Advisors Inc. bought a new stake in SPDR Gold Shares during the third quarter valued at approximately $40,000. Institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Trading Up 0.2 %
GLD opened at $263.90 on Friday. SPDR Gold Shares has a 1-year low of $183.78 and a 1-year high of $266.35. The firm’s 50 day simple moving average is $248.30 and its two-hundred day simple moving average is $241.93.
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).
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