Flagstar Advisors Inc. Sells 159 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Flagstar Advisors Inc. trimmed its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 1.7% in the 4th quarter, Holdings Channel reports. The fund owned 8,959 shares of the exchange traded fund’s stock after selling 159 shares during the quarter. Flagstar Advisors Inc.’s holdings in SPDR Gold Shares were worth $2,169,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of GLD. Romano Brothers AND Company boosted its stake in SPDR Gold Shares by 1.0% in the 3rd quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock worth $1,002,000 after purchasing an additional 40 shares in the last quarter. Clarus Group Inc. boosted its position in SPDR Gold Shares by 2.2% in the fourth quarter. Clarus Group Inc. now owns 1,825 shares of the exchange traded fund’s stock worth $442,000 after purchasing an additional 40 shares during the last quarter. Magnus Financial Group LLC grew its stake in shares of SPDR Gold Shares by 0.6% during the 4th quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock valued at $1,780,000 after purchasing an additional 41 shares during the period. Pittenger & Anderson Inc. lifted its stake in shares of SPDR Gold Shares by 25.9% in the 4th quarter. Pittenger & Anderson Inc. now owns 199 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 41 shares during the period. Finally, Gradient Capital Advisors LLC boosted its holdings in shares of SPDR Gold Shares by 0.7% in the fourth quarter. Gradient Capital Advisors LLC now owns 5,743 shares of the exchange traded fund’s stock worth $1,391,000 after buying an additional 42 shares during the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 1.7 %

Shares of GLD stock opened at $270.70 on Wednesday. SPDR Gold Shares has a 12 month low of $187.05 and a 12 month high of $271.01. The company has a 50 day simple moving average of $251.61 and a two-hundred day simple moving average of $244.45.

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).