SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Towneley Capital Management Inc DE

Towneley Capital Management Inc DE lowered its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,221 shares of the exchange traded fund’s stock after selling 135 shares during the quarter. SPDR Gold Shares makes up approximately 0.7% of Towneley Capital Management Inc DE’s holdings, making the stock its 18th biggest holding. Towneley Capital Management Inc DE’s holdings in SPDR Gold Shares were worth $2,959,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GLD. Ritholtz Wealth Management boosted its holdings in shares of SPDR Gold Shares by 11.2% during the third quarter. Ritholtz Wealth Management now owns 6,045 shares of the exchange traded fund’s stock worth $1,469,000 after purchasing an additional 611 shares during the last quarter. Annex Advisory Services LLC purchased a new position in SPDR Gold Shares during the third quarter worth about $445,000. Carnegie Investment Counsel boosted its stake in SPDR Gold Shares by 3.1% in the 3rd quarter. Carnegie Investment Counsel now owns 7,599 shares of the exchange traded fund’s stock worth $1,847,000 after buying an additional 230 shares during the last quarter. Armstrong Advisory Group Inc. boosted its stake in SPDR Gold Shares by 12.9% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 2,686 shares of the exchange traded fund’s stock worth $653,000 after buying an additional 307 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. grew its holdings in SPDR Gold Shares by 191.0% in the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 88,860 shares of the exchange traded fund’s stock valued at $21,598,000 after buying an additional 58,326 shares during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 1.7 %

Shares of GLD stock opened at $268.37 on Tuesday. The firm’s 50-day simple moving average is $248.30 and its 200-day simple moving average is $242.21. SPDR Gold Shares has a 1-year low of $183.78 and a 1-year high of $268.66.

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).