United Asset Strategies Inc. Cuts Holdings in SPDR Gold Shares (NYSEARCA:GLD)

United Asset Strategies Inc. decreased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 0.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 81,631 shares of the exchange traded fund’s stock after selling 85 shares during the quarter. SPDR Gold Shares makes up 1.8% of United Asset Strategies Inc.’s investment portfolio, making the stock its 12th biggest holding. United Asset Strategies Inc.’s holdings in SPDR Gold Shares were worth $15,605,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. SVB Wealth LLC increased its holdings in shares of SPDR Gold Shares by 2.1% in the 4th quarter. SVB Wealth LLC now owns 42,638 shares of the exchange traded fund’s stock valued at $8,151,000 after acquiring an additional 861 shares during the last quarter. Rye Brook Capital LLC increased its holdings in shares of SPDR Gold Shares by 4.6% in the 4th quarter. Rye Brook Capital LLC now owns 29,830 shares of the exchange traded fund’s stock valued at $5,703,000 after acquiring an additional 1,300 shares during the last quarter. First American Trust FSB purchased a new position in shares of SPDR Gold Shares in the 4th quarter valued at about $666,000. Flputnam Investment Management Co. increased its holdings in shares of SPDR Gold Shares by 0.7% in the 4th quarter. Flputnam Investment Management Co. now owns 9,910 shares of the exchange traded fund’s stock valued at $1,894,000 after acquiring an additional 67 shares during the last quarter. Finally, Private Client Services LLC purchased a new position in shares of SPDR Gold Shares in the 4th quarter valued at about $811,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.0 %

Shares of NYSEARCA GLD traded down $0.06 during trading hours on Tuesday, reaching $220.89. The stock had a trading volume of 5,595,222 shares, compared to its average volume of 7,777,772. SPDR Gold Shares has a fifty-two week low of $168.30 and a fifty-two week high of $225.09. The firm has a 50-day moving average of $198.98 and a 200-day moving average of $189.71.

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).