MADDEN SECURITIES Corp Sells 320 Shares of SPDR Gold Shares (NYSEARCA:GLD)

MADDEN SECURITIES Corp lessened its stake in SPDR Gold Shares (NYSEARCA:GLD) by 10.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,782 shares of the exchange traded fund’s stock after selling 320 shares during the quarter. MADDEN SECURITIES Corp’s holdings in SPDR Gold Shares were worth $674,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Ashton Thomas Securities LLC bought a new position in SPDR Gold Shares during the 3rd quarter valued at $28,000. Capital Performance Advisors LLP bought a new stake in shares of SPDR Gold Shares in the 3rd quarter worth $35,000. Pittenger & Anderson Inc. purchased a new stake in shares of SPDR Gold Shares in the third quarter valued at about $38,000. Keystone Financial Group Inc. bought a new position in shares of SPDR Gold Shares during the fourth quarter valued at about $39,000. Finally, Maryland Capital Advisors Inc. purchased a new position in SPDR Gold Shares during the third quarter worth about $40,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.7 %

Shares of GLD stock opened at $268.37 on Tuesday. SPDR Gold Shares has a 52-week low of $183.78 and a 52-week high of $268.66. The company has a 50-day simple moving average of $248.30 and a two-hundred day simple moving average of $242.21.

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).