Empirical Asset Management LLC Decreases Position in SPDR Gold Shares (NYSEARCA:GLD)

Empirical Asset Management LLC lessened its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 0.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,548 shares of the exchange traded fund’s stock after selling 65 shares during the period. Empirical Asset Management LLC’s holdings in SPDR Gold Shares were worth $3,779,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in GLD. Triad Wealth Partners LLC purchased a new stake in shares of SPDR Gold Shares during the 2nd quarter valued at $25,000. Semmax Financial Advisors Inc. lifted its holdings in shares of SPDR Gold Shares by 78.7% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 48 shares during the last quarter. Northwest Investment Counselors LLC purchased a new stake in shares of SPDR Gold Shares during the 1st quarter valued at $26,000. Private Ocean LLC lifted its holdings in shares of SPDR Gold Shares by 155.1% during the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 76 shares during the last quarter. Finally, Security National Bank purchased a new position in SPDR Gold Shares in the 1st quarter worth $28,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD stock traded down $0.68 during midday trading on Monday, reaching $244.79. The stock had a trading volume of 1,117,712 shares, compared to its average volume of 6,986,131. The firm has a fifty day simple moving average of $235.20 and a two-hundred day simple moving average of $223.75. SPDR Gold Shares has a 52-week low of $177.54 and a 52-week high of $247.37.

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).