Burns Matteson Capital Management LLC Sells 273 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Burns Matteson Capital Management LLC decreased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,723 shares of the exchange traded fund’s stock after selling 273 shares during the period. SPDR Gold Shares makes up 1.5% of Burns Matteson Capital Management LLC’s investment portfolio, making the stock its 14th largest holding. Burns Matteson Capital Management LLC’s holdings in SPDR Gold Shares were worth $3,081,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of GLD. Ashton Thomas Securities LLC bought a new stake in shares of SPDR Gold Shares during the 3rd quarter valued at $28,000. Capital Performance Advisors LLP bought a new stake in SPDR Gold Shares during the third quarter worth about $35,000. Pittenger & Anderson Inc. bought a new stake in SPDR Gold Shares during the third quarter worth about $38,000. Keystone Financial Group Inc. purchased a new stake in SPDR Gold Shares in the fourth quarter worth about $39,000. Finally, Maryland Capital Advisors Inc. bought a new position in shares of SPDR Gold Shares during the third quarter valued at approximately $40,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.2 %

GLD stock opened at $263.90 on Monday. The firm has a 50 day moving average price of $248.30 and a 200-day moving average price of $242.07. SPDR Gold Shares has a 52-week low of $183.78 and a 52-week high of $266.35.

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).