Sterling Investment Management LLC Sells 1,985 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Sterling Investment Management LLC trimmed its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 4.9% during the fourth quarter, Holdings Channel reports. The firm owned 38,865 shares of the exchange traded fund’s stock after selling 1,985 shares during the period. SPDR Gold Shares comprises about 5.4% of Sterling Investment Management LLC’s holdings, making the stock its 4th largest position. Sterling Investment Management LLC’s holdings in SPDR Gold Shares were worth $7,430,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Intrepid Capital Management Inc. bought a new position in shares of SPDR Gold Shares in the second quarter valued at approximately $27,000. Johnson Midwest Financial LLC grew its position in SPDR Gold Shares by 350.0% in the 3rd quarter. Johnson Midwest Financial LLC now owns 180 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 140 shares in the last quarter. First Command Advisory Services Inc. purchased a new stake in shares of SPDR Gold Shares during the 3rd quarter valued at $34,000. Worth Asset Management LLC purchased a new stake in shares of SPDR Gold Shares in the 1st quarter worth about $36,000. Finally, TD Capital Management LLC grew its stake in shares of SPDR Gold Shares by 83.3% in the fourth quarter. TD Capital Management LLC now owns 220 shares of the exchange traded fund’s stock worth $37,000 after acquiring an additional 100 shares during the period. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Price Performance

GLD stock opened at $203.10 on Thursday. The firm has a 50-day simple moving average of $191.96 and a two-hundred day simple moving average of $186.22. SPDR Gold Shares has a one year low of $168.30 and a one year high of $203.92.

SPDR Gold Shares Company 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).