AIFG Consultants Ltd. Sells 595 Shares of SPDR Gold Shares (NYSEARCA:GLD)

AIFG Consultants Ltd. reduced its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 24.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,824 shares of the exchange traded fund’s stock after selling 595 shares during the quarter. AIFG Consultants Ltd.’s holdings in SPDR Gold Shares were worth $442,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of GLD. Latitude Advisors LLC increased its holdings in SPDR Gold Shares by 8.6% in the fourth quarter. Latitude Advisors LLC now owns 15,584 shares of the exchange traded fund’s stock valued at $3,773,000 after purchasing an additional 1,228 shares during the last quarter. Sovran Advisors LLC bought a new stake in shares of SPDR Gold Shares in the 4th quarter valued at about $6,682,000. McBroom & Associates LLC grew its holdings in SPDR Gold Shares by 8.3% during the fourth quarter. McBroom & Associates LLC now owns 20,858 shares of the exchange traded fund’s stock valued at $5,050,000 after purchasing an additional 1,607 shares during the period. Stonebridge Financial Group LLC bought a new stake in SPDR Gold Shares in the fourth quarter valued at approximately $5,465,000. Finally, Clarus Group Inc. raised its holdings in SPDR Gold Shares by 2.2% in the fourth quarter. Clarus Group Inc. now owns 1,825 shares of the exchange traded fund’s stock worth $442,000 after purchasing an additional 40 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of GLD stock opened at $268.37 on Tuesday. SPDR Gold Shares has a 12-month low of $183.78 and a 12-month high of $268.66. The firm has a fifty day moving average of $248.30 and a 200-day moving average of $242.21.

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).