Spectrum Asset Management Inc. NB CA Sells 56 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Spectrum Asset Management Inc. NB CA decreased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 5.2% during the 4th quarter, Holdings Channel reports. The fund owned 1,027 shares of the exchange traded fund’s stock after selling 56 shares during the quarter. Spectrum Asset Management Inc. NB CA’s holdings in SPDR Gold Shares were worth $249,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of GLD. Ashton Thomas Securities LLC bought a new stake in SPDR Gold Shares during the 3rd quarter worth approximately $28,000. Capital Performance Advisors LLP acquired a new stake in shares of SPDR Gold Shares in the third quarter valued at about $35,000. Pittenger & Anderson Inc. bought a new position in shares of SPDR Gold Shares in the third quarter valued at $38,000. Maryland Capital Advisors Inc. acquired a new position in shares of SPDR Gold Shares during the 3rd quarter worth about $40,000. Finally, Accordant Advisory Group Inc bought a new stake in SPDR Gold Shares in the third quarter valued at approximately $45,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.3 %

GLD stock opened at $263.43 on Friday. SPDR Gold Shares has a one year low of $183.78 and a one year high of $265.99. The company has a fifty day moving average price of $247.54 and a two-hundred day moving average price of $241.49.

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).