Morton Capital Management LLC CA Lowers Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Morton Capital Management LLC CA reduced its position in SPDR Gold Shares (NYSEARCA:GLD) by 2.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,968 shares of the exchange traded fund’s stock after selling 88 shares during the period. Morton Capital Management LLC CA’s holdings in SPDR Gold Shares were worth $759,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Syon Capital LLC purchased a new position in SPDR Gold Shares in the 3rd quarter valued at about $6,972,000. Doliver Advisors LP boosted its position in SPDR Gold Shares by 17.3% in the 3rd quarter. Doliver Advisors LP now owns 3,378 shares of the exchange traded fund’s stock valued at $579,000 after buying an additional 498 shares during the last quarter. Raymond James & Associates raised its stake in shares of SPDR Gold Shares by 0.5% in the 4th quarter. Raymond James & Associates now owns 844,620 shares of the exchange traded fund’s stock valued at $161,466,000 after purchasing an additional 4,242 shares in the last quarter. Source Financial Advisors LLC raised its stake in shares of SPDR Gold Shares by 1.6% in the 4th quarter. Source Financial Advisors LLC now owns 10,831 shares of the exchange traded fund’s stock valued at $2,071,000 after purchasing an additional 168 shares in the last quarter. Finally, Willis Johnson & Associates Inc. raised its stake in shares of SPDR Gold Shares by 38.7% in the 4th quarter. Willis Johnson & Associates Inc. now owns 2,111 shares of the exchange traded fund’s stock valued at $404,000 after purchasing an additional 589 shares in the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

Shares of SPDR Gold Shares stock traded up $1.46 during trading on Wednesday, reaching $203.10. The company had a trading volume of 5,888,569 shares, compared to its average volume of 6,610,333. The firm’s fifty day moving average is $191.96 and its 200-day moving average is $186.22. SPDR Gold Shares has a fifty-two week low of $168.30 and a fifty-two week high of $203.92.

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).