Telos Capital Management Inc. Sells 364 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Telos Capital Management Inc. reduced its stake in SPDR Gold Shares (NYSEARCA:GLD) by 6.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,512 shares of the exchange traded fund’s stock after selling 364 shares during the period. Telos Capital Management Inc.’s holdings in SPDR Gold Shares were worth $1,185,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Scarborough Advisors LLC increased its holdings in shares of SPDR Gold Shares by 10,133.3% during the fourth quarter. Scarborough Advisors LLC now owns 2,662,393 shares of the exchange traded fund’s stock worth $508,970,000 after buying an additional 2,636,376 shares in the last quarter. Toronto Dominion Bank boosted its position in SPDR Gold Shares by 23.6% during the first quarter. Toronto Dominion Bank now owns 5,649,510 shares of the exchange traded fund’s stock valued at $1,162,217,000 after acquiring an additional 1,079,452 shares during the last quarter. Global Assets Advisory LLC bought a new stake in SPDR Gold Shares during the first quarter valued at $144,269,000. GLOBALT Investments LLC GA bought a new stake in SPDR Gold Shares during the fourth quarter valued at $124,066,000. Finally, Cetera Investment Advisers boosted its position in SPDR Gold Shares by 461.0% during the first quarter. Cetera Investment Advisers now owns 702,415 shares of the exchange traded fund’s stock valued at $144,501,000 after acquiring an additional 577,210 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Performance

GLD traded down $1.66 during trading on Friday, reaching $231.29. 5,742,963 shares of the stock traded hands, compared to its average volume of 6,712,967. The stock’s 50-day moving average is $223.79 and its 200 day moving average is $214.22. SPDR Gold Shares has a 12 month low of $168.30 and a 12 month high of $234.01.

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).