New Century Financial Group LLC Has $723,000 Stake in SPDR Gold Shares (NYSEARCA:GLD)

New Century Financial Group LLC reduced its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 11.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,513 shares of the exchange traded fund’s stock after selling 472 shares during the period. New Century Financial Group LLC’s holdings in SPDR Gold Shares were worth $723,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Personal Financial Services acquired a new stake in shares of SPDR Gold Shares in the 4th quarter valued at approximately $25,000. Frazier Financial Advisors LLC acquired a new stake in SPDR Gold Shares in the fourth quarter worth $26,000. Northwest Investment Counselors LLC bought a new position in shares of SPDR Gold Shares during the first quarter worth $26,000. Gold Investment Management Ltd. bought a new position in shares of SPDR Gold Shares during the fourth quarter worth $27,000. Finally, Security National Bank acquired a new position in SPDR Gold Shares in the first quarter valued at about $28,000. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Price Performance

Shares of GLD traded up $2.43 on Thursday, hitting $217.99. The company’s stock had a trading volume of 5,055,313 shares, compared to its average volume of 5,293,554. The firm’s fifty day moving average price is $216.28 and its 200-day moving average price is $203.42. SPDR Gold Shares has a fifty-two week low of $168.30 and a fifty-two 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).