Madison Asset Management LLC Reduces Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Madison Asset Management LLC cut its stake in SPDR Gold Shares (NYSEARCA:GLD) by 65.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,413 shares of the exchange traded fund’s stock after selling 29,706 shares during the period. Madison Asset Management LLC’s holdings in SPDR Gold Shares were worth $2,465,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of GLD. ADE LLC purchased a new stake in shares of SPDR Gold Shares in the fourth quarter valued at approximately $28,000. Arcadia Investment Management Corp MI purchased a new stake in shares of SPDR Gold Shares in the first quarter valued at approximately $29,000. GPS Wealth Strategies Group LLC purchased a new stake in shares of SPDR Gold Shares in the first quarter valued at approximately $30,000. Fort Pitt Capital Group LLC purchased a new stake in shares of SPDR Gold Shares in the fourth quarter valued at approximately $36,000. Finally, Horan Securities Inc. grew its position in shares of SPDR Gold Shares by 216.9% in the fourth quarter. Horan Securities Inc. now owns 206 shares of the exchange traded fund’s stock valued at $37,000 after purchasing an additional 141 shares in the last quarter. Institutional investors and hedge funds own 37.90% of the company’s stock.

GLD stock opened at $177.74 on Friday. The firm has a 50 day moving average of $170.56. SPDR Gold Shares has a 1 year low of $157.13 and a 1 year high of $194.45.

SPDR Gold Shares Company 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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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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