Telemus Capital LLC Has $328,000 Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Telemus Capital LLC lowered its stake in SPDR Gold Shares (NYSEARCA:GLD) by 4.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,714 shares of the exchange traded fund’s stock after selling 85 shares during the period. Telemus Capital LLC’s holdings in SPDR Gold Shares were worth $328,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Personal Financial Services bought a new stake in shares of SPDR Gold Shares in the 4th quarter valued at approximately $25,000. Johnson Midwest Financial LLC grew its stake in shares of SPDR Gold Shares by 350.0% in the 3rd quarter. Johnson Midwest Financial LLC now owns 180 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 140 shares during the period. Private Ocean LLC boosted its holdings in shares of SPDR Gold Shares by 232.7% in the 4th quarter. Private Ocean LLC now owns 163 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 114 shares in the last quarter. Naples Money Management LLC acquired a new position in shares of SPDR Gold Shares in the 4th quarter worth approximately $31,000. Finally, First Command Advisory Services Inc. acquired a new position in shares of SPDR Gold Shares in the 3rd quarter worth approximately $34,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of GLD opened at $215.57 on Tuesday. SPDR Gold Shares has a one year low of $168.30 and a one year high of $225.09. The business’s 50 day simple moving average is $202.13 and its 200-day simple moving average is $191.47.

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).