Sovereign Financial Group Inc. Decreases Position in SPDR Gold Shares (NYSEARCA:GLD)

Sovereign Financial Group Inc. trimmed its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 6.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,077 shares of the exchange traded fund’s stock after selling 437 shares during the period. Sovereign Financial Group Inc.’s holdings in SPDR Gold Shares were worth $1,162,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. First Personal Financial Services bought a new stake in SPDR Gold Shares during the 4th quarter valued at $25,000. Johnson Midwest Financial LLC lifted its holdings in shares of SPDR Gold Shares by 350.0% in the third quarter. Johnson Midwest Financial LLC now owns 180 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 140 shares in the last quarter. Private Ocean LLC boosted its position in shares of SPDR Gold Shares by 232.7% in the fourth quarter. Private Ocean LLC now owns 163 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 114 shares during the period. Naples Money Management LLC purchased a new position in SPDR Gold Shares during the fourth quarter valued at approximately $31,000. Finally, GAMMA Investing LLC bought a new stake in SPDR Gold Shares during the 4th quarter worth approximately $33,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Down 0.3 %

Shares of GLD stock traded down $0.63 on Wednesday, reaching $213.58. The company’s stock had a trading volume of 4,416,567 shares, compared to its average volume of 7,892,288. SPDR Gold Shares has a 12-month low of $168.30 and a 12-month high of $225.09. The stock’s 50 day simple moving average is $208.23 and its 200-day simple moving average is $194.39.

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).