Sterling Investment Management LLC Has $7.43 Million Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Sterling Investment Management LLC lessened its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 4.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,865 shares of the exchange traded fund’s stock after selling 1,985 shares during the quarter. SPDR Gold Shares comprises approximately 5.4% of Sterling Investment Management LLC’s portfolio, making the stock its 4th biggest holding. Sterling Investment Management LLC’s holdings in SPDR Gold Shares were worth $7,430,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GLD. Pensionmark Financial Group LLC grew its stake in shares of SPDR Gold Shares by 1.1% during the 1st quarter. Pensionmark Financial Group LLC now owns 5,029 shares of the exchange traded fund’s stock valued at $921,000 after purchasing an additional 55 shares during the period. Capital Market Strategies LLC boosted its stake in SPDR Gold Shares by 4.6% in the 4th quarter. Capital Market Strategies LLC now owns 1,247 shares of the exchange traded fund’s stock worth $238,000 after purchasing an additional 55 shares during the period. IAG Wealth Partners LLC boosted its stake in SPDR Gold Shares by 9.5% in the 3rd quarter. IAG Wealth Partners LLC now owns 648 shares of the exchange traded fund’s stock worth $111,000 after purchasing an additional 56 shares during the period. Financial Sense Advisors Inc. boosted its stake in SPDR Gold Shares by 2.0% in the 3rd quarter. Financial Sense Advisors Inc. now owns 2,891 shares of the exchange traded fund’s stock worth $496,000 after purchasing an additional 56 shares during the period. Finally, Inspirion Wealth Advisors LLC boosted its stake in SPDR Gold Shares by 0.9% in the 3rd quarter. Inspirion Wealth Advisors LLC now owns 6,080 shares of the exchange traded fund’s stock worth $1,042,000 after purchasing an additional 57 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD stock opened at $203.10 on Thursday. SPDR Gold Shares has a 1-year low of $168.30 and a 1-year high of $203.92. The business has a 50 day simple moving average of $191.96 and a two-hundred day simple moving average of $186.22.

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).