North Star Asset Management Inc. Reduces Holdings in SPDR Gold Shares (NYSEARCA:GLD)

North Star Asset Management Inc. cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.1% in the 2nd quarter, Holdings Channel reports. The fund owned 20,204 shares of the exchange traded fund’s stock after selling 435 shares during the period. North Star Asset Management Inc.’s holdings in SPDR Gold Shares were worth $4,344,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. International Assets Investment Management LLC grew its holdings in SPDR Gold Shares by 5.1% during the 4th quarter. International Assets Investment Management LLC now owns 12,748 shares of the exchange traded fund’s stock worth $2,437,000 after acquiring an additional 617 shares in the last quarter. Fisher Asset Management LLC grew its stake in SPDR Gold Shares by 7.6% in the fourth quarter. Fisher Asset Management LLC now owns 5,588 shares of the exchange traded fund’s stock worth $1,068,000 after purchasing an additional 396 shares in the last quarter. Aveo Capital Partners LLC increased its holdings in SPDR Gold Shares by 116.1% in the fourth quarter. Aveo Capital Partners LLC now owns 23,077 shares of the exchange traded fund’s stock valued at $4,412,000 after buying an additional 12,396 shares during the last quarter. Gryphon Financial Partners LLC raised its stake in SPDR Gold Shares by 628.7% during the fourth quarter. Gryphon Financial Partners LLC now owns 3,352 shares of the exchange traded fund’s stock valued at $632,000 after buying an additional 2,892 shares in the last quarter. Finally, Principal Securities Inc. bought a new position in SPDR Gold Shares during the 4th quarter worth approximately $1,374,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Down 0.7 %

Shares of NYSEARCA GLD opened at $230.64 on Friday. SPDR Gold Shares has a twelve month low of $168.30 and a twelve month high of $234.01. The business has a 50 day simple moving average of $225.43 and a 200-day simple moving average of $215.59.

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).