Newbridge Financial Services Group Inc. Has $356,000 Position in SPDR Gold Shares (NYSEARCA:GLD)

Newbridge Financial Services Group Inc. trimmed its position in SPDR Gold Shares (NYSEARCA:GLD) by 6.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,471 shares of the exchange traded fund’s stock after selling 107 shares during the period. Newbridge Financial Services Group Inc.’s holdings in SPDR Gold Shares were worth $356,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of GLD. Ashton Thomas Securities LLC bought a new stake in shares of SPDR Gold Shares in the third quarter worth about $28,000. Capital Performance Advisors LLP acquired a new position in shares of SPDR Gold Shares in the 3rd quarter valued at approximately $35,000. Pittenger & Anderson Inc. bought a new stake in SPDR Gold Shares during the 3rd quarter worth approximately $38,000. Keystone Financial Group Inc. acquired a new stake in SPDR Gold Shares during the 4th quarter worth approximately $39,000. Finally, Maryland Capital Advisors Inc. bought a new position in SPDR Gold Shares in the third quarter valued at approximately $40,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.2 %

SPDR Gold Shares stock opened at $263.90 on Monday. SPDR Gold Shares has a twelve month low of $183.78 and a twelve month high of $266.35. The company has a 50 day moving average of $248.30 and a 200-day moving average of $242.07.

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).