Platform Technology Partners Has $1.36 Million Stake in SPDR Gold Shares (NYSEARCA:GLD)

Platform Technology Partners cut its stake in SPDR Gold Shares (NYSEARCA:GLD) by 11.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,611 shares of the exchange traded fund’s stock after selling 742 shares during the quarter. Platform Technology Partners’ holdings in SPDR Gold Shares were worth $1,359,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GLD. Landmark Wealth Management Inc. lifted its holdings in shares of SPDR Gold Shares by 4.0% in the fourth quarter. Landmark Wealth Management Inc. now owns 10,524 shares of the exchange traded fund’s stock valued at $2,548,000 after purchasing an additional 408 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in SPDR Gold Shares in the 4th quarter valued at approximately $3,188,000. FFG Partners LLC lifted its stake in SPDR Gold Shares by 0.7% in the 4th quarter. FFG Partners LLC now owns 79,895 shares of the exchange traded fund’s stock valued at $19,345,000 after acquiring an additional 545 shares in the last quarter. Keystone Financial Group Inc. acquired a new position in SPDR Gold Shares during the 4th quarter worth approximately $39,000. Finally, Ameliora Wealth Management Ltd. grew its stake in shares of SPDR Gold Shares by 5.3% during the 4th quarter. Ameliora Wealth Management Ltd. now owns 917 shares of the exchange traded fund’s stock worth $222,000 after acquiring an additional 46 shares in the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $263.90 on Friday. SPDR Gold Shares has a 12 month low of $183.78 and a 12 month high of $266.35. The firm has a fifty day simple moving average of $247.93 and a 200 day simple moving average of $241.64.

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).