Howland Capital Management LLC Trims Position in SPDR Gold Shares (NYSEARCA:GLD)

Howland Capital Management LLC trimmed its position in SPDR Gold Shares (NYSEARCA:GLD) by 0.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,720 shares of the exchange traded fund’s stock after selling 50 shares during the period. Howland Capital Management LLC’s holdings in SPDR Gold Shares were worth $5,017,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new stake in SPDR Gold Shares in the third quarter worth $28,000. Capital Performance Advisors LLP purchased a new stake in shares of SPDR Gold Shares in the third quarter worth $35,000. Pittenger & Anderson Inc. purchased a new stake in shares of SPDR Gold Shares in the third quarter worth $38,000. Keystone Financial Group Inc. purchased a new stake in shares of SPDR Gold Shares in the fourth quarter worth $39,000. Finally, Maryland Capital Advisors Inc. purchased a new stake in shares of SPDR Gold Shares in the third quarter worth $40,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

NYSEARCA GLD opened at $263.90 on Friday. SPDR Gold Shares has a 12 month low of $183.78 and a 12 month high of $266.35. The stock’s fifty day moving average price is $248.30 and its 200-day moving average price is $241.93.

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).