Seamount Financial Group Inc. trimmed its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 4.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,962 shares of the exchange traded fund’s stock after selling 442 shares during the period. SPDR Gold Shares accounts for about 1.7% of Seamount Financial Group Inc.’s holdings, making the stock its 18th biggest holding. Seamount Financial Group Inc.’s holdings in SPDR Gold Shares were worth $2,412,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC bought a new stake in SPDR Gold Shares in the third quarter valued at about $28,000. Capital Performance Advisors LLP bought a new position in SPDR Gold Shares during the third quarter worth $35,000. Pittenger & Anderson Inc. acquired a new position in SPDR Gold Shares in the third quarter worth $38,000. Keystone Financial Group Inc. bought a new stake in SPDR Gold Shares during the fourth quarter valued at $39,000. Finally, Maryland Capital Advisors Inc. acquired a new stake in shares of SPDR Gold Shares during the third quarter worth $40,000. 42.19% of the stock is owned by hedge funds and other institutional investors.
SPDR Gold Shares Stock Up 0.2 %
NYSEARCA GLD opened at $263.90 on Friday. SPDR Gold Shares has a one year low of $183.78 and a one year high of $266.35. The company has a 50-day simple moving average of $247.93 and a 200-day simple moving average of $241.64.
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).
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