Ballentine Partners LLC Has $8.16 Million Stake in SPDR Gold Shares (NYSEARCA:GLD)

Ballentine Partners LLC reduced its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 0.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,681 shares of the exchange traded fund’s stock after selling 257 shares during the period. Ballentine Partners LLC’s holdings in SPDR Gold Shares were worth $8,155,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in GLD. Semmax Financial Advisors Inc. boosted its position in SPDR Gold Shares by 78.7% during the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 48 shares during the period. Ashton Thomas Securities LLC acquired a new stake in shares of SPDR Gold Shares in the third quarter worth $28,000. Capital Performance Advisors LLP bought a new stake in shares of SPDR Gold Shares during the 3rd quarter worth $35,000. Pittenger & Anderson Inc. acquired a new position in SPDR Gold Shares in the 3rd quarter valued at $38,000. Finally, Sugarloaf Wealth Management LLC raised its holdings in SPDR Gold Shares by 78.9% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 71 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD stock opened at $249.27 on Tuesday. The company has a 50-day moving average of $243.85 and a two-hundred day moving average of $238.51. SPDR Gold Shares has a 52-week low of $183.78 and a 52-week high of $257.71.

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).