SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Greenbush Financial Group LLC

Greenbush Financial Group LLC reduced its position in SPDR Gold Shares (NYSEARCA:GLD) by 3.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 42,080 shares of the exchange traded fund’s stock after selling 1,668 shares during the quarter. SPDR Gold Shares makes up approximately 6.0% of Greenbush Financial Group LLC’s investment portfolio, making the stock its 4th biggest position. Greenbush Financial Group LLC’s holdings in SPDR Gold Shares were worth $12,125,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GLD. Murphy & Mullick Capital Management Corp purchased a new stake in shares of SPDR Gold Shares in the fourth quarter worth about $26,000. Compass Planning Associates Inc purchased a new stake in shares of SPDR Gold Shares during the 4th quarter valued at about $39,000. American National Bank & Trust boosted its holdings in SPDR Gold Shares by 189.4% in the 1st quarter. American National Bank & Trust now owns 191 shares of the exchange traded fund’s stock worth $55,000 after acquiring an additional 125 shares during the period. Pittenger & Anderson Inc. grew its position in SPDR Gold Shares by 25.9% in the fourth quarter. Pittenger & Anderson Inc. now owns 199 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 41 shares in the last quarter. Finally, Mattson Financial Services LLC purchased a new stake in shares of SPDR Gold Shares during the fourth quarter valued at approximately $56,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 1.4%

NYSEARCA GLD opened at $311.78 on Tuesday. The stock has a market cap of $101.95 billion, a P/E ratio of -32.43 and a beta of 0.11. The company’s fifty day simple moving average is $304.30 and its 200-day simple moving average is $275.57. SPDR Gold Shares has a 52 week low of $212.12 and a 52 week high of $317.63.

About SPDR Gold Shares

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).