Bray Capital Advisors Sells 8,400 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Bray Capital Advisors decreased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 86.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,350 shares of the exchange traded fund’s stock after selling 8,400 shares during the period. Bray Capital Advisors’ holdings in SPDR Gold Shares were worth $327,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. One Day In July LLC increased its holdings in shares of SPDR Gold Shares by 31.8% in the 4th quarter. One Day In July LLC now owns 1,265 shares of the exchange traded fund’s stock worth $306,000 after buying an additional 305 shares during the last quarter. Advyzon Investment Management LLC bought a new position in shares of SPDR Gold Shares during the 4th quarter valued at $225,000. WealthBridge Capital Management LLC grew its holdings in SPDR Gold Shares by 3.1% in the 4th quarter. WealthBridge Capital Management LLC now owns 20,783 shares of the exchange traded fund’s stock worth $5,032,000 after acquiring an additional 633 shares during the last quarter. Wealth Alliance grew its holdings in SPDR Gold Shares by 4.1% in the 4th quarter. Wealth Alliance now owns 2,559 shares of the exchange traded fund’s stock worth $620,000 after acquiring an additional 100 shares during the last quarter. Finally, Cumberland Partners Ltd grew its holdings in SPDR Gold Shares by 6.3% in the 4th quarter. Cumberland Partners Ltd now owns 11,785 shares of the exchange traded fund’s stock worth $2,854,000 after acquiring an additional 700 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock opened at $270.99 on Friday. SPDR Gold Shares has a 12-month low of $187.05 and a 12-month high of $271.84. The company’s fifty day simple moving average is $252.48 and its two-hundred day simple moving average is $244.82.

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).