Forte Asset Management LLC Sells 7,910 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Forte Asset Management LLC lessened its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 46.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,119 shares of the exchange traded fund’s stock after selling 7,910 shares during the period. SPDR Gold Shares accounts for 1.2% of Forte Asset Management LLC’s holdings, making the stock its 28th biggest holding. Forte Asset Management LLC’s holdings in SPDR Gold Shares were worth $1,743,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of GLD. Moneta Group Investment Advisors LLC raised its stake in SPDR Gold Shares by 67,584.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 3,037,008 shares of the exchange traded fund’s stock worth $515,198,000 after buying an additional 3,032,521 shares during the last quarter. International Assets Investment Management LLC increased its stake in SPDR Gold Shares by 19,989.3% in the fourth quarter. International Assets Investment Management LLC now owns 2,437,035 shares of the exchange traded fund’s stock valued at $465,888,000 after purchasing an additional 2,424,904 shares in the last quarter. State Street Corp increased its stake in SPDR Gold Shares by 256.0% in the first quarter. State Street Corp now owns 1,142,717 shares of the exchange traded fund’s stock valued at $206,432,000 after purchasing an additional 821,773 shares in the last quarter. Toronto Dominion Bank increased its stake in SPDR Gold Shares by 14.5% in the third quarter. Toronto Dominion Bank now owns 4,660,292 shares of the exchange traded fund’s stock valued at $799,007,000 after purchasing an additional 591,368 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in SPDR Gold Shares in the first quarter valued at $100,880,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.5 %

GLD traded up $1.03 during midday trading on Friday, hitting $221.37. The company had a trading volume of 3,286,243 shares, compared to its average volume of 7,814,343. SPDR Gold Shares has a 52 week low of $168.30 and a 52 week high of $225.09. The stock’s 50 day moving average price is $200.89 and its 200 day moving average price is $190.48.

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).