Newbridge Financial Services Group Inc. Sells 107 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Newbridge Financial Services Group Inc. trimmed its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 6.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,471 shares of the exchange traded fund’s stock after selling 107 shares during the period. Newbridge Financial Services Group Inc.’s holdings in SPDR Gold Shares were worth $356,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Ashton Thomas Securities LLC acquired a new position in SPDR Gold Shares during the 3rd quarter worth $28,000. Capital Performance Advisors LLP bought a new stake in shares of SPDR Gold Shares during the third quarter worth $35,000. Pittenger & Anderson Inc. acquired a new position in shares of SPDR Gold Shares during the third quarter valued at $38,000. Keystone Financial Group Inc. bought a new position in SPDR Gold Shares in the fourth quarter valued at about $39,000. Finally, Maryland Capital Advisors Inc. acquired a new stake in SPDR Gold Shares in the third quarter worth about $40,000. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $263.90 on Monday. SPDR Gold Shares has a 1 year low of $183.78 and a 1 year high of $266.35. The company’s 50-day moving average is $248.30 and its two-hundred day moving average is $242.07.

SPDR Gold Shares Company 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).