Flagship Harbor Advisors LLC Decreases Stake in SPDR Gold Shares (NYSEARCA:GLD)

Flagship Harbor Advisors LLC lowered its position in SPDR Gold Shares (NYSEARCA:GLD) by 16.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,065 shares of the exchange traded fund’s stock after selling 3,388 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in SPDR Gold Shares were worth $4,132,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new position in SPDR Gold Shares in the third quarter worth approximately $28,000. Capital Performance Advisors LLP purchased a new stake in shares of SPDR Gold Shares during the 3rd quarter worth approximately $35,000. Pittenger & Anderson Inc. purchased a new stake in shares of SPDR Gold Shares during the 3rd quarter worth approximately $38,000. Sugarloaf Wealth Management LLC lifted its position in shares of SPDR Gold Shares by 78.9% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 71 shares during the last quarter. Finally, Maryland Capital Advisors Inc. purchased a new stake in shares of SPDR Gold Shares during the 3rd quarter worth approximately $40,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD opened at $255.65 on Friday. SPDR Gold Shares has a twelve month low of $183.78 and a twelve month high of $257.71. The firm has a 50 day simple moving average of $245.31 and a 200-day simple moving average of $239.43.

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).