Fiduciary Financial Group LLC Sells 283 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Fiduciary Financial Group LLC cut its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 12,629 shares of the exchange traded fund’s stock after selling 283 shares during the period. SPDR Gold Shares comprises approximately 0.7% of Fiduciary Financial Group LLC’s investment portfolio, making the stock its 28th biggest holding. Fiduciary Financial Group LLC’s holdings in SPDR Gold Shares were worth $3,135,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in GLD. Romano Brothers AND Company raised its holdings in shares of SPDR Gold Shares by 1.0% during the 3rd quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock worth $1,002,000 after acquiring an additional 40 shares in the last quarter. Delta Financial Group Inc. raised its stake in SPDR Gold Shares by 1.2% during the third quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock valued at $849,000 after purchasing an additional 41 shares in the last quarter. Spinnaker Trust raised its stake in SPDR Gold Shares by 1.1% during the third quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock valued at $956,000 after purchasing an additional 43 shares in the last quarter. Compton Wealth Advisory Group LLC grew its stake in shares of SPDR Gold Shares by 3.2% in the 3rd quarter. Compton Wealth Advisory Group LLC now owns 1,409 shares of the exchange traded fund’s stock worth $342,000 after buying an additional 44 shares in the last quarter. Finally, Acorn Wealth Advisors LLC increased its holdings in shares of SPDR Gold Shares by 1.4% in the 3rd quarter. Acorn Wealth Advisors LLC now owns 3,242 shares of the exchange traded fund’s stock worth $788,000 after buying an additional 44 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.5 %

Shares of NYSEARCA:GLD opened at $247.03 on Wednesday. SPDR Gold Shares has a 12 month low of $183.78 and a 12 month high of $257.71. The company has a 50-day moving average price of $243.74 and a 200 day moving average price of $237.81.

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).