Bridgewater Advisors Inc. Sells 1,755 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Bridgewater Advisors Inc. trimmed its position in SPDR Gold Shares (NYSEARCA:GLD) by 14.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,267 shares of the exchange traded fund’s stock after selling 1,755 shares during the period. Bridgewater Advisors Inc.’s holdings in SPDR Gold Shares were worth $2,536,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Semmax Financial Advisors Inc. grew its holdings in shares of SPDR Gold Shares by 78.7% during the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 48 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in SPDR Gold Shares in the 3rd quarter valued at about $28,000. Capital Performance Advisors LLP acquired a new position in SPDR Gold Shares during the 3rd quarter valued at about $35,000. Pittenger & Anderson Inc. bought a new stake in SPDR Gold Shares during the 3rd quarter worth approximately $38,000. Finally, Sugarloaf Wealth Management LLC raised its stake in shares of SPDR Gold Shares by 78.9% in the third quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 71 shares during the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Performance

GLD stock opened at $249.27 on Monday. The stock’s 50 day moving average is $243.85 and its 200-day moving average is $238.37. SPDR Gold Shares has a twelve month low of $183.78 and a twelve month high of $257.71.

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).