Nvest Financial LLC Sells 4,783 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Nvest Financial LLC reduced its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 8.9% during the 1st quarter, HoldingsChannel reports. The firm owned 48,790 shares of the exchange traded fund’s stock after selling 4,783 shares during the quarter. SPDR Gold Shares comprises 6.7% of Nvest Financial LLC’s investment portfolio, making the stock its 2nd biggest position. Nvest Financial LLC’s holdings in SPDR Gold Shares were worth $10,037,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Northwest Investment Counselors LLC acquired a new position in shares of SPDR Gold Shares during the 1st quarter worth approximately $26,000. First Personal Financial Services acquired a new position in shares of SPDR Gold Shares during the 4th quarter worth approximately $25,000. Frazier Financial Advisors LLC acquired a new position in shares of SPDR Gold Shares during the 4th quarter worth approximately $26,000. Security National Bank acquired a new position in shares of SPDR Gold Shares during the 1st quarter worth approximately $28,000. Finally, Gold Investment Management Ltd. acquired a new position in shares of SPDR Gold Shares during the 4th quarter worth approximately $27,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Down 0.0 %

Shares of GLD stock traded down $0.02 during trading on Tuesday, hitting $215.55. 4,920,801 shares of the stock traded hands, compared to its average volume of 7,297,301. The firm’s fifty day moving average price is $216.20 and its 200-day moving average price is $203.12. SPDR Gold Shares has a 52-week low of $168.30 and a 52-week high of $225.66.

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).