Richard C. Young & CO. LTD. reduced its position in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 2.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 133,002 shares of the exchange traded fund’s stock after selling 2,915 shares during the quarter. SPDR Gold Shares comprises approximately 3.5% of Richard C. Young & CO. LTD.’s holdings, making the stock its 2nd largest holding. Richard C. Young & CO. LTD.’s holdings in SPDR Gold Shares were worth $32,204,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of GLD. Ashton Thomas Securities LLC bought a new stake in 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 approximately $35,000. Pittenger & Anderson Inc. purchased a new stake in SPDR Gold Shares in the third quarter worth $38,000. Keystone Financial Group Inc. bought a new stake in shares of SPDR Gold Shares during the fourth quarter worth $39,000. Finally, Maryland Capital Advisors Inc. purchased a new position in shares of SPDR Gold Shares during the third quarter worth approximately $40,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Stock Performance
Shares of SPDR Gold Shares stock opened at $263.90 on Friday. The stock’s fifty day moving average price is $248.30 and its 200-day moving average price is $241.93. SPDR Gold Shares has a 12 month low of $183.78 and a 12 month high of $266.35.
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).
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