Allen Capital Group LLC Decreases Stake in SPDR Gold Shares (NYSEARCA:GLD)

Allen Capital Group LLC lessened its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.5% during the 4th quarter, Holdings Channel reports. The firm owned 2,875 shares of the exchange traded fund’s stock after selling 105 shares during the quarter. Allen Capital Group LLC’s holdings in SPDR Gold Shares were worth $696,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of GLD. International Assets Investment Management LLC boosted its position in SPDR Gold Shares by 21,571.1% in the third quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock valued at $735,169,000 after buying an additional 3,010,682 shares during the last quarter. Diversify Advisory Services LLC lifted its stake in 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 valued at $59,410,000 after acquiring an additional 195,520 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its holdings 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 valued at $110,386,000 after acquiring an additional 146,271 shares during the last quarter. Banco Santander S.A. increased its stake in shares of 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 worth $39,065,000 after acquiring an additional 114,151 shares during the period. Finally, JTC Employer Solutions Trustee Ltd raised its holdings in shares of SPDR Gold Shares by 1,565.3% during the third quarter. JTC Employer Solutions Trustee Ltd now owns 115,106 shares of the exchange traded fund’s stock worth $27,979,000 after purchasing an additional 108,194 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

NYSEARCA GLD opened at $254.57 on Wednesday. The company has a fifty day moving average of $245.79 and a 200 day moving average of $240.16. SPDR Gold Shares has a 1 year low of $183.78 and a 1 year high of $257.71.

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).