Fortitude Advisory Group L.L.C. Sells 82 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Fortitude Advisory Group L.L.C. lowered its stake in SPDR Gold Shares (NYSEARCA:GLD) by 5.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,339 shares of the exchange traded fund’s stock after selling 82 shares during the quarter. Fortitude Advisory Group L.L.C.’s holdings in SPDR Gold Shares were worth $324,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. International Assets Investment Management LLC increased its position in SPDR Gold Shares by 21,571.1% during the 3rd quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock valued at $735,169,000 after purchasing an additional 3,010,682 shares during the period. Diversify Advisory Services LLC lifted its stake in shares of SPDR Gold Shares by 446.0% in the fourth quarter. Diversify Advisory Services LLC now owns 239,355 shares of the exchange traded fund’s stock worth $59,410,000 after buying an additional 195,520 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of SPDR Gold Shares by 47.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 454,153 shares of the exchange traded fund’s stock valued at $110,386,000 after purchasing an additional 146,271 shares in the last quarter. Banco Santander S.A. grew its position in SPDR Gold Shares by 245.1% in the 3rd quarter. Banco Santander S.A. now owns 160,721 shares of the exchange traded fund’s stock worth $39,065,000 after purchasing an additional 114,151 shares during the period. Finally, JTC Employer Solutions Trustee Ltd increased its holdings in SPDR Gold Shares by 1,565.3% during the third quarter. JTC Employer Solutions Trustee Ltd now owns 115,106 shares of the exchange traded fund’s stock valued at $27,979,000 after buying an additional 108,194 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $252.99 on Tuesday. The company’s fifty day moving average price is $245.31 and its 200-day moving average price is $239.72. SPDR Gold Shares has a one year low of $183.78 and a one year high of $257.71.

About SPDR Gold Shares

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).