Syon Capital LLC Cuts Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Syon Capital LLC cut its position in SPDR Gold Shares (NYSEARCA:GLD) by 16.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 34,009 shares of the exchange traded fund’s stock after selling 6,653 shares during the period. Syon Capital LLC’s holdings in SPDR Gold Shares were worth $6,502,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in GLD. First Personal Financial Services acquired a new position in SPDR Gold Shares during the fourth quarter worth $25,000. Johnson Midwest Financial LLC increased its stake in shares of SPDR Gold Shares by 350.0% during the third quarter. Johnson Midwest Financial LLC now owns 180 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 140 shares during the period. Private Ocean LLC increased its position in shares of SPDR Gold Shares by 232.7% in the 4th quarter. Private Ocean LLC now owns 163 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 114 shares during the last quarter. Naples Money Management LLC acquired a new stake in SPDR Gold Shares in the fourth quarter valued at $31,000. Finally, GAMMA Investing LLC acquired a new stake in shares of SPDR Gold Shares during the 4th quarter worth about $33,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

Shares of GLD traded up $0.70 during mid-day trading on Friday, reaching $216.62. 6,159,677 shares of the company’s stock were exchanged, compared to its average volume of 7,921,786. SPDR Gold Shares has a 52-week low of $168.30 and a 52-week high of $225.09. The business’s fifty day simple moving average is $203.95 and its 200-day simple moving average is $192.11.

SPDR Gold Shares Company 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).