Avidian Wealth Solutions LLC Sells 132 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Avidian Wealth Solutions LLC trimmed its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 9,068 shares of the exchange traded fund’s stock after selling 132 shares during the quarter. Avidian Wealth Solutions LLC’s holdings in SPDR Gold Shares were worth $1,734,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. International Assets Investment Management LLC raised its holdings in SPDR Gold Shares by 19,989.3% in the 4th quarter. International Assets Investment Management LLC now owns 2,437,035 shares of the exchange traded fund’s stock valued at $465,888,000 after buying an additional 2,424,904 shares during the last quarter. Toronto Dominion Bank lifted its holdings in shares of SPDR Gold Shares by 14.5% during the third quarter. Toronto Dominion Bank now owns 4,660,292 shares of the exchange traded fund’s stock worth $799,007,000 after purchasing an additional 591,368 shares during the period. Euclidean Capital LLC grew its stake in shares of SPDR Gold Shares by 91.4% in the third quarter. Euclidean Capital LLC now owns 1,062,500 shares of the exchange traded fund’s stock worth $182,166,000 after purchasing an additional 507,500 shares during the last quarter. Dagco Inc. increased its holdings in SPDR Gold Shares by 24,465.7% in the third quarter. Dagco Inc. now owns 388,138 shares of the exchange traded fund’s stock valued at $66,546,000 after purchasing an additional 386,558 shares during the period. Finally, Bailard Inc. raised its position in SPDR Gold Shares by 5,040.4% during the 4th quarter. Bailard Inc. now owns 349,291 shares of the exchange traded fund’s stock worth $66,774,000 after purchasing an additional 342,496 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.1 %

GLD traded down $0.17 during midday trading on Friday, hitting $212.96. 8,679,910 shares of the company were exchanged, compared to its average volume of 11,009,346. The firm’s 50 day moving average price is $207.17 and its 200-day moving average price is $193.95. SPDR Gold Shares has a 1-year low of $168.30 and a 1-year 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).