Newbridge Financial Services Group Inc. Has $340,000 Position in SPDR Gold Shares (NYSEARCA:GLD)

Newbridge Financial Services Group Inc. decreased its stake in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 35.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,777 shares of the exchange traded fund’s stock after selling 960 shares during the period. Newbridge Financial Services Group Inc.’s holdings in SPDR Gold Shares were worth $340,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in GLD. First Personal Financial Services acquired a new stake in SPDR Gold Shares during the 4th quarter worth about $25,000. Frazier Financial Advisors LLC acquired a new stake in SPDR Gold Shares during the fourth quarter worth approximately $26,000. Gold Investment Management Ltd. bought a new stake in SPDR Gold Shares in the fourth quarter worth approximately $27,000. Private Ocean LLC lifted its stake in SPDR Gold Shares by 232.7% in the fourth quarter. Private Ocean LLC now owns 163 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 114 shares during the period. Finally, Naples Money Management LLC bought a new position in shares of SPDR Gold Shares during the 4th quarter worth approximately $31,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Performance

Shares of GLD stock traded up $0.36 during trading hours on Tuesday, hitting $214.97. 1,372,208 shares of the company were exchanged, compared to its average volume of 7,426,382. SPDR Gold Shares has a fifty-two week low of $168.30 and a fifty-two week high of $225.66. The company has a 50 day simple moving average of $216.93 and a two-hundred day simple moving average of $201.15.

About SPDR Gold Shares

(Free Report)

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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