Capital Management Associates Inc Sells 994 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Capital Management Associates Inc reduced its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 47.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,117 shares of the exchange traded fund’s stock after selling 994 shares during the quarter. Capital Management Associates Inc’s holdings in SPDR Gold Shares were worth $270,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the business. Shepherd Financial Partners LLC acquired a new position in shares of SPDR Gold Shares in the 4th quarter valued at $245,000. BLB&B Advisors LLC lifted its holdings in SPDR Gold Shares by 5.7% in the fourth quarter. BLB&B Advisors LLC now owns 2,507 shares of the exchange traded fund’s stock valued at $607,000 after buying an additional 135 shares during the period. Landmark Wealth Management Inc. boosted its holdings in SPDR Gold Shares by 4.0% during the fourth quarter. Landmark Wealth Management Inc. now owns 10,524 shares of the exchange traded fund’s stock worth $2,548,000 after buying an additional 408 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in shares of SPDR Gold Shares in the 4th quarter valued at $3,188,000. Finally, FFG Partners LLC lifted its stake in SPDR Gold Shares by 0.7% in the fourth quarter. FFG Partners LLC now owns 79,895 shares of the exchange traded fund’s stock valued at $19,345,000 after buying an additional 545 shares in the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Trading Up 0.2 %

NYSEARCA:GLD opened at $263.90 on Friday. SPDR Gold Shares has a 52-week low of $183.78 and a 52-week high of $266.35. The stock has a 50-day simple moving average of $247.93 and a 200 day simple moving average of $241.64.

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).