Montag A & Associates Inc. Sells 667 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Montag A & Associates Inc. cut its stake in SPDR Gold Shares (NYSEARCA:GLD) by 3.7% during the fourth quarter, HoldingsChannel reports. The firm owned 17,460 shares of the exchange traded fund’s stock after selling 667 shares during the period. Montag A & Associates Inc.’s holdings in SPDR Gold Shares were worth $4,228,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Wedgewood Investors Inc. PA boosted its position in SPDR Gold Shares by 4.3% in the 4th quarter. Wedgewood Investors Inc. PA now owns 4,800 shares of the exchange traded fund’s stock valued at $1,162,000 after buying an additional 200 shares during the period. Roxbury Financial LLC purchased a new position in shares of SPDR Gold Shares during the fourth quarter worth approximately $31,000. Scarborough Advisors LLC raised its stake in shares of SPDR Gold Shares by 21.7% during the fourth quarter. Scarborough Advisors LLC now owns 32,877 shares of the exchange traded fund’s stock valued at $7,961,000 after acquiring an additional 5,852 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its holdings in shares of SPDR Gold Shares by 1.6% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 33,753 shares of the exchange traded fund’s stock valued at $8,173,000 after purchasing an additional 526 shares during the period. Finally, WASHINGTON TRUST Co grew its stake in SPDR Gold Shares by 6.2% in the fourth quarter. WASHINGTON TRUST Co now owns 5,281 shares of the exchange traded fund’s stock worth $1,279,000 after purchasing an additional 306 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Down 1.5 %

Shares of NYSEARCA GLD opened at $266.29 on Friday. SPDR Gold Shares has a twelve month low of $184.84 and a twelve month high of $270.39. The business has a fifty day simple moving average of $250.74 and a two-hundred day simple moving average of $243.57.

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).