SPDR Gold Shares (NYSEARCA:GLD) Stock Holdings Lowered by GEM Asset Management LLC

GEM Asset Management LLC cut its position in SPDR Gold Shares (NYSEARCA:GLD) by 3.7% during the 4th quarter, HoldingsChannel reports. The firm owned 1,247 shares of the exchange traded fund’s stock after selling 48 shares during the quarter. GEM Asset Management LLC’s holdings in SPDR Gold Shares were worth $302,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new stake in shares of SPDR Gold Shares during the third quarter valued at approximately $28,000. Capital Performance Advisors LLP acquired a new stake in 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 valued at $38,000. Keystone Financial Group Inc. acquired a new position in SPDR Gold Shares during the 4th quarter worth $39,000. Finally, Maryland Capital Advisors Inc. acquired a new position in SPDR Gold Shares during the 3rd quarter worth $40,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of GLD opened at $267.39 on Wednesday. SPDR Gold Shares has a one year low of $183.78 and a one year high of $268.66. The stock’s fifty day moving average is $248.80 and its 200-day moving average is $242.56.

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).