TFC Financial Management Inc. Sells 100 Shares of SPDR Gold Shares (NYSEARCA:GLD)

TFC Financial Management Inc. lowered its stake in SPDR Gold Shares (NYSEARCA:GLD) by 40.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 150 shares of the exchange traded fund’s stock after selling 100 shares during the quarter. TFC Financial Management Inc.’s holdings in SPDR Gold Shares were worth $36,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new stake in SPDR Gold Shares in the 3rd quarter valued at $28,000. Capital Performance Advisors LLP bought a new stake in SPDR Gold Shares in the 3rd quarter valued at about $35,000. Pittenger & Anderson Inc. bought a new stake in SPDR Gold Shares in the 3rd quarter valued at about $38,000. Keystone Financial Group Inc. bought a new stake in shares of SPDR Gold Shares during the fourth quarter valued at about $39,000. Finally, Maryland Capital Advisors Inc. bought a new stake in shares of SPDR Gold Shares during the third quarter valued at about $40,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD opened at $267.67 on Thursday. SPDR Gold Shares has a 12 month low of $183.78 and a 12 month high of $268.66. The business has a 50-day moving average of $249.27 and a 200-day moving average of $242.89.

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).