Skylands Capital LLC Trims Stake in SPDR Gold Shares (NYSEARCA:GLD)

Skylands Capital LLC trimmed its stake in SPDR Gold Shares (NYSEARCA:GLD) by 0.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,475 shares of the exchange traded fund’s stock after selling 200 shares during the period. Skylands Capital LLC’s holdings in SPDR Gold Shares were worth $7,137,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Crestwood Advisors Group LLC boosted its holdings in SPDR Gold Shares by 27.7% in the 4th quarter. Crestwood Advisors Group LLC now owns 6,383 shares of the exchange traded fund’s stock worth $1,546,000 after buying an additional 1,386 shares during the period. IFP Advisors Inc boosted its holdings in SPDR Gold Shares by 4.9% in the 4th quarter. IFP Advisors Inc now owns 24,301 shares of the exchange traded fund’s stock worth $5,884,000 after buying an additional 1,131 shares during the period. Waverton Investment Management Ltd boosted its holdings in SPDR Gold Shares by 4.6% in the 4th quarter. Waverton Investment Management Ltd now owns 67,072 shares of the exchange traded fund’s stock worth $16,239,000 after buying an additional 2,937 shares during the period. Genesis Wealth Advisors LLC bought a new position in SPDR Gold Shares in the 4th quarter worth $1,326,000. Finally, Dover Advisors LLC boosted its holdings in SPDR Gold Shares by 9.8% in the 4th quarter. Dover Advisors LLC now owns 2,234 shares of the exchange traded fund’s stock worth $541,000 after buying an additional 199 shares during the period. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Down 0.1 %

Shares of SPDR Gold Shares stock opened at $270.74 on Monday. The company has a fifty day moving average of $253.00 and a 200 day moving average of $245.50. SPDR Gold Shares has a fifty-two week low of $187.05 and a fifty-two week high of $271.84.

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).