Fortitude Advisory Group L.L.C. Sells 82 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Fortitude Advisory Group L.L.C. lowered its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 5.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,339 shares of the exchange traded fund’s stock after selling 82 shares during the quarter. Fortitude Advisory Group L.L.C.’s holdings in SPDR Gold Shares were worth $324,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC acquired a new position in shares of SPDR Gold Shares in the third quarter valued at about $28,000. Capital Performance Advisors LLP bought a new position in SPDR Gold Shares during the 3rd quarter worth approximately $35,000. Pittenger & Anderson Inc. acquired a new position in SPDR Gold Shares in the third quarter valued at approximately $38,000. Sugarloaf Wealth Management LLC grew its stake in SPDR Gold Shares by 78.9% in the third quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 71 shares during the period. Finally, Maryland Capital Advisors Inc. acquired a new position in SPDR Gold Shares during the third quarter worth $40,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 1.0 %

NYSEARCA:GLD opened at $252.99 on Tuesday. SPDR Gold Shares has a 52 week low of $183.78 and a 52 week high of $257.71. The firm has a 50-day moving average price of $245.31 and a two-hundred day moving average price of $239.72.

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).