SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Janney Capital Management LLC

Janney Capital Management LLC reduced its stake in SPDR Gold Shares (NYSEARCA:GLD) by 2.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 95,748 shares of the exchange traded fund’s stock after selling 2,230 shares during the quarter. SPDR Gold Shares comprises about 1.3% of Janney Capital Management LLC’s portfolio, making the stock its 12th largest holding. Janney Capital Management LLC’s holdings in SPDR Gold Shares were worth $19,697,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Baker Avenue Asset Management LP increased its holdings in SPDR Gold Shares by 17.9% in the 3rd quarter. Baker Avenue Asset Management LP now owns 1,483 shares of the exchange traded fund’s stock worth $254,000 after buying an additional 225 shares during the period. Crestwood Advisors Group LLC increased its stake in shares of SPDR Gold Shares by 22.9% in the third quarter. Crestwood Advisors Group LLC now owns 3,477 shares of the exchange traded fund’s stock worth $596,000 after acquiring an additional 649 shares during the period. Orleans Capital Management Corp LA raised its holdings in shares of SPDR Gold Shares by 16.7% during the third quarter. Orleans Capital Management Corp LA now owns 3,500 shares of the exchange traded fund’s stock worth $600,000 after purchasing an additional 500 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its position in SPDR Gold Shares by 13.1% during the third quarter. Mercer Global Advisors Inc. ADV now owns 205,058 shares of the exchange traded fund’s stock valued at $35,157,000 after purchasing an additional 23,815 shares during the period. Finally, WealthPlan Investment Management LLC boosted its holdings in SPDR Gold Shares by 431.5% in the third quarter. WealthPlan Investment Management LLC now owns 4,252 shares of the exchange traded fund’s stock valued at $729,000 after purchasing an additional 3,452 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD traded up $2.94 during midday trading on Friday, hitting $220.93. 5,950,550 shares of the company were exchanged, compared to its average volume of 5,008,163. The company’s 50 day simple moving average is $216.40 and its 200 day simple moving average is $203.75. SPDR Gold Shares has a 1-year low of $168.30 and a 1-year high of $225.66.

SPDR Gold Shares 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).