Burns Matteson Capital Management LLC Decreases Stake in SPDR Gold Shares (NYSEARCA:GLD)

Burns Matteson Capital Management LLC cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 12,723 shares of the exchange traded fund’s stock after selling 273 shares during the quarter. SPDR Gold Shares comprises approximately 1.5% of Burns Matteson Capital Management LLC’s portfolio, making the stock its 14th largest holding. Burns Matteson Capital Management LLC’s holdings in SPDR Gold Shares were worth $3,081,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of GLD. International Assets Investment Management LLC grew its stake in shares of 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 worth $735,169,000 after acquiring an additional 3,010,682 shares during the period. Stifel Financial Corp boosted its holdings in SPDR Gold Shares by 13.9% in the third quarter. Stifel Financial Corp now owns 822,531 shares of the exchange traded fund’s stock worth $199,924,000 after purchasing an additional 100,149 shares during the last quarter. State Street Corp grew its position in SPDR Gold Shares by 6.6% in the 3rd quarter. State Street Corp now owns 764,315 shares of the exchange traded fund’s stock worth $185,774,000 after purchasing an additional 47,507 shares during the period. US Bancorp DE grew its position in SPDR Gold Shares by 0.5% in the 3rd quarter. US Bancorp DE now owns 691,648 shares of the exchange traded fund’s stock worth $168,112,000 after purchasing an additional 3,614 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its holdings in shares of SPDR Gold Shares by 4.9% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 665,498 shares of the exchange traded fund’s stock valued at $161,670,000 after buying an additional 30,952 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.2 %

Shares of GLD opened at $263.90 on Monday. SPDR Gold Shares has a one year low of $183.78 and a one year high of $266.35. The business has a fifty day moving average of $248.30 and a 200 day moving average of $242.07.

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).