POM Investment Strategies LLC Sells 443 Shares of SPDR Gold Shares (NYSEARCA:GLD)

POM Investment Strategies LLC decreased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 35.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 797 shares of the exchange traded fund’s stock after selling 443 shares during the quarter. POM Investment Strategies LLC’s holdings in SPDR Gold Shares were worth $193,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Romano Brothers AND Company boosted its stake in shares of SPDR Gold Shares by 1.0% in the third 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 during the period. Magnus Financial Group LLC lifted its holdings in SPDR Gold Shares by 0.6% in the 4th quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock worth $1,780,000 after purchasing an additional 41 shares in the last quarter. Spinnaker Trust boosted its stake in SPDR Gold Shares by 1.1% in the 3rd quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock worth $956,000 after purchasing an additional 43 shares during the period. Adirondack Trust Co. grew its holdings in SPDR Gold Shares by 3.3% during the 4th quarter. Adirondack Trust Co. now owns 1,349 shares of the exchange traded fund’s stock valued at $327,000 after buying an additional 43 shares in the last quarter. Finally, Acorn Wealth Advisors LLC raised its position in shares of SPDR Gold Shares by 1.4% during the third quarter. Acorn Wealth Advisors LLC now owns 3,242 shares of the exchange traded fund’s stock valued at $788,000 after buying an additional 44 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD stock opened at $268.37 on Tuesday. The company’s fifty day moving average price is $248.30 and its 200-day moving average price is $242.21. SPDR Gold Shares has a one year low of $183.78 and a one year high of $268.66.

SPDR Gold Shares Company 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).