SYM FINANCIAL Corp reduced its stake in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 16.1% during the first quarter, Holdings Channel.com reports. The firm owned 1,773 shares of the exchange traded fund’s stock after selling 340 shares during the period. SYM FINANCIAL Corp’s holdings in SPDR Gold Shares were worth $365,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Personal Financial Services bought a new stake in SPDR Gold Shares during the 4th quarter valued at approximately $25,000. Frazier Financial Advisors LLC purchased a new position in SPDR Gold Shares during the 4th quarter valued at about $26,000. Northwest Investment Counselors LLC bought a new stake in SPDR Gold Shares during the first quarter worth about $26,000. Gold Investment Management Ltd. bought a new position in shares of SPDR Gold Shares during the fourth quarter valued at approximately $27,000. Finally, Security National Bank purchased a new position in shares of SPDR Gold Shares during the first quarter valued at approximately $28,000. Institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Stock Performance
Shares of SPDR Gold Shares stock traded up $0.22 during midday trading on Friday, hitting $223.47. The company had a trading volume of 3,731,117 shares, compared to its average volume of 7,208,954. The company has a 50 day moving average of $216.89 and a 200 day moving average of $204.60. SPDR Gold Shares has a 52-week low of $168.30 and a 52-week high of $225.66.
SPDR Gold Shares 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).
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Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLD – Free Report).
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