SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Farmers Trust Co.

Farmers Trust Co. decreased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 9,968 shares of the exchange traded fund’s stock after selling 105 shares during the quarter. Farmers Trust Co.’s holdings in SPDR Gold Shares were worth $2,414,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GLD. RDA Financial Network lifted its holdings in shares of SPDR Gold Shares by 1.8% during the third quarter. RDA Financial Network now owns 5,064 shares of the exchange traded fund’s stock worth $1,231,000 after purchasing an additional 88 shares during the period. Advance Capital Management Inc. boosted its holdings in shares of SPDR Gold Shares by 9.4% in the fourth quarter. Advance Capital Management Inc. now owns 3,683 shares of the exchange traded fund’s stock valued at $892,000 after acquiring an additional 316 shares in the last quarter. Centaurus Financial Inc. increased its stake in shares of SPDR Gold Shares by 10.1% during the second quarter. Centaurus Financial Inc. now owns 39,597 shares of the exchange traded fund’s stock worth $8,514,000 after acquiring an additional 3,630 shares during the period. Inspirion Wealth Advisors LLC raised its holdings in SPDR Gold Shares by 0.8% during the third quarter. Inspirion Wealth Advisors LLC now owns 6,180 shares of the exchange traded fund’s stock worth $1,502,000 after purchasing an additional 50 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in SPDR Gold Shares in the third quarter valued at about $564,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.4 %

Shares of GLD traded up $0.93 during mid-day trading on Wednesday, hitting $245.49. The company’s stock had a trading volume of 4,961,385 shares, compared to its average volume of 4,959,568. The firm has a 50-day simple moving average of $244.48 and a 200 day simple moving average of $236.69. SPDR Gold Shares has a 1-year low of $183.78 and a 1-year high of $257.71.

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).