Investment Partners Asset Management Inc. Trims Position in SPDR Gold Shares (NYSEARCA:GLD)

Investment Partners Asset Management Inc. lowered its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,080 shares of the exchange traded fund’s stock after selling 81 shares during the quarter. Investment Partners Asset Management Inc.’s holdings in SPDR Gold Shares were worth $504,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC increased its position in SPDR Gold Shares by 21,571.1% during the third quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock worth $735,169,000 after purchasing an additional 3,010,682 shares during the last quarter. Strategic Financial Concepts LLC grew its stake in shares of SPDR Gold Shares by 24,600.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 608,876 shares of the exchange traded fund’s stock valued at $147,427,000 after buying an additional 606,411 shares during the period. Diversify Advisory Services LLC increased its holdings in shares of SPDR Gold Shares by 446.0% during the 4th quarter. Diversify Advisory Services LLC now owns 239,355 shares of the exchange traded fund’s stock worth $59,410,000 after buying an additional 195,520 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in shares of SPDR Gold Shares by 47.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 454,153 shares of the exchange traded fund’s stock worth $110,386,000 after buying an additional 146,271 shares during the period. Finally, Banco Santander S.A. boosted its holdings in SPDR Gold Shares by 245.1% in the third quarter. Banco Santander S.A. now owns 160,721 shares of the exchange traded fund’s stock valued at $39,065,000 after acquiring an additional 114,151 shares during the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

GLD stock opened at $267.67 on Thursday. The stock has a 50-day moving average price of $249.73 and a two-hundred day moving average price of $243.07. SPDR Gold Shares has a 12-month low of $183.78 and a 12-month high of $268.66.

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).