SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by D.B. Root & Company LLC

D.B. Root & Company LLC reduced its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 4.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,477 shares of the exchange traded fund’s stock after selling 381 shares during the quarter. D.B. Root & Company LLC’s holdings in SPDR Gold Shares were worth $1,823,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. International Assets Investment Management LLC lifted its holdings in shares of SPDR Gold Shares by 5.1% in the 4th quarter. International Assets Investment Management LLC now owns 12,748 shares of the exchange traded fund’s stock valued at $2,437,000 after purchasing an additional 617 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in SPDR Gold Shares during the 4th quarter valued at approximately $44,000. Sandy Spring Bank raised its stake in SPDR Gold Shares by 4.0% during the 4th quarter. Sandy Spring Bank now owns 1,456 shares of the exchange traded fund’s stock valued at $278,000 after acquiring an additional 56 shares during the last quarter. Cerity Partners LLC raised its stake in SPDR Gold Shares by 46.7% during the 4th quarter. Cerity Partners LLC now owns 429,238 shares of the exchange traded fund’s stock valued at $82,057,000 after acquiring an additional 136,723 shares during the last quarter. Finally, Valeo Financial Advisors LLC raised its stake in SPDR Gold Shares by 4.3% during the 4th quarter. Valeo Financial Advisors LLC now owns 4,778 shares of the exchange traded fund’s stock valued at $913,000 after acquiring an additional 196 shares during the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Up 1.7 %

GLD traded up $3.82 on Monday, hitting $228.38. 5,538,575 shares of the company traded hands, compared to its average volume of 7,224,933. The company has a 50 day moving average of $219.41 and a 200-day moving average of $210.17. SPDR Gold Shares has a 12-month low of $168.30 and a 12-month high of $229.65.

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).