SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Geneva Partners LLC

Geneva Partners LLC reduced its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 17.1% in the 4th quarter, HoldingsChannel reports. The fund owned 6,652 shares of the exchange traded fund’s stock after selling 1,368 shares during the quarter. Geneva Partners LLC’s holdings in SPDR Gold Shares were worth $1,272,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Naples Money Management LLC purchased a new position in shares of SPDR Gold Shares in the 4th quarter valued at $31,000. BCM Advisors LLC boosted its stake in SPDR Gold Shares by 1.3% in the fourth quarter. BCM Advisors LLC now owns 251,955 shares of the exchange traded fund’s stock valued at $47,516,000 after acquiring an additional 3,152 shares in the last quarter. KFG Wealth Management LLC grew its holdings in shares of SPDR Gold Shares by 8.9% during the fourth quarter. KFG Wealth Management LLC now owns 5,083 shares of the exchange traded fund’s stock worth $972,000 after purchasing an additional 417 shares during the last quarter. RIA Advisory Group LLC acquired a new stake in shares of SPDR Gold Shares during the fourth quarter worth about $149,000. Finally, Beaumont Financial Advisors LLC lifted its holdings in shares of SPDR Gold Shares by 7.3% in the 4th quarter. Beaumont Financial Advisors LLC now owns 2,195 shares of the exchange traded fund’s stock valued at $420,000 after purchasing an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.3 %

Shares of NYSEARCA GLD traded up $0.71 during trading hours on Friday, reaching $221.05. The stock had a trading volume of 8,683,517 shares, compared to its average volume of 7,892,074. The firm has a 50-day moving average of $201.56 and a 200-day moving average of $190.83. SPDR Gold Shares has a fifty-two week low of $168.30 and a fifty-two week high of $225.09.

SPDR Gold Shares Profile

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).