Weatherly Asset Management L. P. Trims Position in SPDR Gold Shares (NYSEARCA:GLD)

Weatherly Asset Management L. P. cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,350 shares of the exchange traded fund’s stock after selling 149 shares during the period. Weatherly Asset Management L. P.’s holdings in SPDR Gold Shares were worth $3,508,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Summit Global Investments grew its stake in shares of SPDR Gold Shares by 3.3% in the third quarter. Summit Global Investments now owns 3,295 shares of the exchange traded fund’s stock worth $565,000 after acquiring an additional 104 shares during the last quarter. Financial Enhancement Group LLC purchased a new stake in shares of SPDR Gold Shares in the third quarter worth $268,000. Alhambra Investment Partners LLC grew its stake in shares of SPDR Gold Shares by 9.2% in the third quarter. Alhambra Investment Partners LLC now owns 2,776 shares of the exchange traded fund’s stock worth $476,000 after acquiring an additional 233 shares during the last quarter. SJS Investment Consulting Inc. grew its stake in shares of SPDR Gold Shares by 10.7% in the third quarter. SJS Investment Consulting Inc. now owns 848 shares of the exchange traded fund’s stock worth $145,000 after acquiring an additional 82 shares during the last quarter. Finally, Perennial Advisors LLC grew its stake in shares of SPDR Gold Shares by 0.9% in the third quarter. Perennial Advisors LLC now owns 32,181 shares of the exchange traded fund’s stock worth $5,517,000 after acquiring an additional 291 shares during the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Down 0.3 %

Shares of NYSEARCA GLD traded down $0.57 during trading on Tuesday, reaching $215.00. The company had a trading volume of 10,725,456 shares, compared to its average volume of 7,999,175. SPDR Gold Shares has a 12-month low of $168.30 and a 12-month high of $225.09. The business’s 50-day moving average is $202.13 and its 200 day moving average is $191.47.

SPDR Gold Shares 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).