J. Goldman & Co LP Sells 6,000 Shares of SPDR Gold Shares (NYSEARCA:GLD)

J. Goldman & Co LP lowered its holdings in shares of SPDR Gold Shares (NYSEARCA:GLDGet Rating) by 72.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 2,250 shares of the exchange traded fund’s stock after selling 6,000 shares during the quarter. J. Goldman & Co LP’s holdings in SPDR Gold Shares were worth $406,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of GLD. HWG Holdings LP bought a new stake in shares of SPDR Gold Shares in the 4th quarter worth about $28,000. Life Planning Partners Inc bought a new stake in shares of SPDR Gold Shares in the 4th quarter worth about $29,000. Rise Advisors LLC bought a new stake in shares of SPDR Gold Shares in the 4th quarter worth about $33,000. MCF Advisors LLC bought a new stake in shares of SPDR Gold Shares in the 1st quarter worth about $34,000. Finally, Worth Asset Management LLC bought a new stake in shares of SPDR Gold Shares in the 1st quarter worth about $36,000. Institutional investors own 40.89% of the company’s stock.

SPDR Gold Shares Stock Up 0.5 %

GLD stock opened at $159.82 on Friday. SPDR Gold Shares has a 12 month low of $157.32 and a 12 month high of $193.30. The firm’s 50-day moving average is $162.41 and its 200 day moving average is $171.64.

SPDR Gold Shares Profile

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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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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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