Dearborn Partners LLC Sells 65 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Dearborn Partners LLC reduced its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,860 shares of the exchange traded fund’s stock after selling 65 shares during the period. Dearborn Partners LLC’s holdings in SPDR Gold Shares were worth $383,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Northwest Investment Counselors LLC acquired a new position in SPDR Gold Shares in the 1st quarter worth about $26,000. First Personal Financial Services acquired a new position in SPDR Gold Shares in the 4th quarter worth about $25,000. Frazier Financial Advisors LLC acquired a new stake in shares of SPDR Gold Shares in the fourth quarter valued at about $26,000. Security National Bank acquired a new stake in shares of SPDR Gold Shares in the first quarter valued at about $28,000. Finally, Gold Investment Management Ltd. acquired a new stake in shares of SPDR Gold Shares in the fourth quarter valued at about $27,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.1 %

Shares of GLD stock traded up $0.18 on Thursday, hitting $227.41. The company had a trading volume of 2,071,417 shares, compared to its average volume of 7,209,641. The stock’s 50-day moving average is $217.82 and its two-hundred day moving average is $205.65. SPDR Gold Shares has a twelve month low of $168.30 and a twelve month high of $229.65.

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).