SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC trimmed its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 0.4% during the fourth quarter, Holdings Channel reports. The firm owned 203,997 shares of the exchange traded fund’s stock after selling 860 shares during the quarter. Janney Montgomery Scott LLC’s holdings in SPDR Gold Shares were worth $49,394,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. RDA Financial Network lifted its stake in SPDR Gold Shares by 1.8% during the 3rd quarter. RDA Financial Network now owns 5,064 shares of the exchange traded fund’s stock worth $1,231,000 after acquiring an additional 88 shares in the last quarter. Advance Capital Management Inc. increased its stake in SPDR Gold Shares by 9.4% during the fourth quarter. Advance Capital Management Inc. now owns 3,683 shares of the exchange traded fund’s stock worth $892,000 after purchasing an additional 316 shares during the period. Centaurus Financial Inc. lifted its position in shares of SPDR Gold Shares by 10.1% during the second quarter. Centaurus Financial Inc. now owns 39,597 shares of the exchange traded fund’s stock worth $8,514,000 after purchasing an additional 3,630 shares in the last quarter. Inspirion Wealth Advisors LLC boosted its stake in shares of SPDR Gold Shares by 0.8% in the third quarter. Inspirion Wealth Advisors LLC now owns 6,180 shares of the exchange traded fund’s stock valued at $1,502,000 after purchasing an additional 50 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in shares of SPDR Gold Shares in the third quarter valued at approximately $564,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Down 0.1 %

Shares of GLD opened at $254.07 on Friday. SPDR Gold Shares has a fifty-two week low of $183.78 and a fifty-two week high of $257.71. The firm’s 50 day moving average price is $244.59 and its 200 day moving average price is $239.07.

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).