Patriot Financial Group Insurance Agency LLC Sells 792 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Patriot Financial Group Insurance Agency LLC decreased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 15.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,435 shares of the exchange traded fund’s stock after selling 792 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in SPDR Gold Shares were worth $1,074,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GLD. Ashton Thomas Securities LLC purchased a new position in shares of SPDR Gold Shares in the 3rd quarter worth about $28,000. Capital Performance Advisors LLP bought a new stake in shares of SPDR Gold Shares in the 3rd quarter worth approximately $35,000. Pittenger & Anderson Inc. bought a new stake in shares of SPDR Gold Shares in the 3rd quarter worth approximately $38,000. Sugarloaf Wealth Management LLC boosted its stake in shares of SPDR Gold Shares by 78.9% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 71 shares in the last quarter. Finally, Maryland Capital Advisors Inc. bought a new position in shares of SPDR Gold Shares during the 3rd quarter valued at $40,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

NYSEARCA GLD opened at $255.18 on Wednesday. The stock has a 50-day moving average of $245.55 and a 200-day moving average of $239.93. 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).