Bruce G. Allen Investments LLC Sells 123 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Bruce G. Allen Investments LLC trimmed its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 9.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,124 shares of the exchange traded fund’s stock after selling 123 shares during the period. Bruce G. Allen Investments LLC’s holdings in SPDR Gold Shares were worth $272,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. LVM Capital Management Ltd. MI raised its position in SPDR Gold Shares by 3.3% in the fourth quarter. LVM Capital Management Ltd. MI now owns 6,325 shares of the exchange traded fund’s stock worth $1,531,000 after purchasing an additional 200 shares in the last quarter. Ridgewood Investments LLC boosted its stake in shares of SPDR Gold Shares by 16.6% in the 4th quarter. Ridgewood Investments LLC now owns 974 shares of the exchange traded fund’s stock valued at $236,000 after purchasing an additional 139 shares in the last quarter. Hilltop National Bank increased its position in shares of SPDR Gold Shares by 18.2% during the 4th quarter. Hilltop National Bank now owns 2,593 shares of the exchange traded fund’s stock worth $628,000 after purchasing an additional 400 shares in the last quarter. ST Germain D J Co. Inc. lifted its holdings in SPDR Gold Shares by 177.3% during the 4th quarter. ST Germain D J Co. Inc. now owns 1,345 shares of the exchange traded fund’s stock valued at $326,000 after purchasing an additional 860 shares during the last quarter. Finally, Avondale Wealth Management boosted its position in SPDR Gold Shares by 16.6% in the fourth quarter. Avondale Wealth Management now owns 2,102 shares of the exchange traded fund’s stock valued at $509,000 after buying an additional 300 shares in the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD traded up $2.40 during mid-day trading on Friday, hitting $248.26. 11,326,991 shares of the stock were exchanged, compared to its average volume of 6,189,157. SPDR Gold Shares has a twelve month low of $183.78 and a twelve month high of $257.71. The stock’s fifty day simple moving average is $244.10 and its two-hundred day simple moving average is $236.81.

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).