Arnhold LLC Sells 95,436 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Arnhold LLC lessened its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 14.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 543,267 shares of the exchange traded fund’s stock after selling 95,436 shares during the quarter. SPDR Gold Shares accounts for about 11.6% of Arnhold LLC’s investment portfolio, making the stock its largest holding. Arnhold LLC’s holdings in SPDR Gold Shares were worth $103,856,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of GLD. Miracle Mile Advisors LLC boosted its stake in shares of SPDR Gold Shares by 33.8% in the fourth quarter. Miracle Mile Advisors LLC now owns 2,401 shares of the exchange traded fund’s stock valued at $459,000 after purchasing an additional 607 shares during the period. Syon Capital LLC acquired a new position in shares of SPDR Gold Shares in the third quarter worth about $6,972,000. Raymond James & Associates boosted its holdings in SPDR Gold Shares by 0.5% in the fourth 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 during the last quarter. Marks Wealth LLC acquired a new stake in SPDR Gold Shares during the 4th quarter valued at approximately $33,299,000. Finally, Planned Solutions Inc. purchased a new stake in SPDR Gold Shares during the 4th quarter worth approximately $65,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 1.9 %

Shares of GLD stock traded down $4.18 during mid-day trading on Tuesday, reaching $212.00. 11,212,974 shares of the company were exchanged, compared to its average volume of 7,953,873. SPDR Gold Shares has a fifty-two week low of $168.30 and a fifty-two week high of $225.09. The business’s 50 day simple moving average is $205.64 and its 200 day simple moving average is $193.22.

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).