SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Cumberland Partners Ltd

Cumberland Partners Ltd reduced its stake in SPDR Gold Shares (NYSEARCA:GLD) by 12.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,729 shares of the exchange traded fund’s stock after selling 1,916 shares during the period. Cumberland Partners Ltd’s holdings in SPDR Gold Shares were worth $2,419,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of GLD. Wolverine Asset Management LLC raised its holdings in SPDR Gold Shares by 2.3% during the fourth quarter. Wolverine Asset Management LLC now owns 3,580 shares of the exchange traded fund’s stock worth $684,000 after purchasing an additional 80 shares in the last quarter. GAMMA Investing LLC bought a new stake in SPDR Gold Shares in the fourth quarter worth $33,000. Eudaimonia Advisors LLC boosted its holdings in SPDR Gold Shares by 3.5% in the fourth quarter. Eudaimonia Advisors LLC now owns 1,867 shares of the exchange traded fund’s stock worth $357,000 after purchasing an additional 64 shares in the last quarter. Linden Thomas Advisory Services LLC lifted its position in SPDR Gold Shares by 18.8% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 5,063 shares of the exchange traded fund’s stock worth $968,000 after acquiring an additional 801 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its position in shares of SPDR Gold Shares by 333.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 247 shares of the exchange traded fund’s stock valued at $47,000 after buying an additional 190 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD traded down $0.57 during mid-day trading on Tuesday, hitting $215.00. The company’s stock had a trading volume of 10,725,456 shares, compared to its average volume of 7,999,175. SPDR Gold Shares has a fifty-two week low of $168.30 and a fifty-two week high of $225.09. The stock has a fifty day moving average of $202.74 and a 200-day moving average of $191.79.

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).