Patton Fund Management Inc. Sells 1,164 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Patton Fund Management Inc. decreased its position in SPDR Gold Shares (NYSEARCA:GLD) by 27.3% during the 1st quarter, HoldingsChannel.com reports. The firm owned 3,102 shares of the exchange traded fund’s stock after selling 1,164 shares during the period. Patton Fund Management Inc.’s holdings in SPDR Gold Shares were worth $894,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. lifted its stake in SPDR Gold Shares by 6.6% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 568 shares of the exchange traded fund’s stock valued at $164,000 after acquiring an additional 35 shares in the last quarter. Stewardship Advisors LLC raised its holdings in shares of SPDR Gold Shares by 2.6% in the first quarter. Stewardship Advisors LLC now owns 1,441 shares of the exchange traded fund’s stock valued at $415,000 after purchasing an additional 36 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its position in shares of SPDR Gold Shares by 1.0% in the first quarter. Farmers & Merchants Investments Inc. now owns 3,662 shares of the exchange traded fund’s stock worth $1,055,000 after purchasing an additional 37 shares in the last quarter. KMG Fiduciary Partners LLC lifted its position in shares of SPDR Gold Shares by 1.1% in the first quarter. KMG Fiduciary Partners LLC now owns 3,563 shares of the exchange traded fund’s stock worth $1,027,000 after purchasing an additional 38 shares in the last quarter. Finally, Marcum Wealth LLC boosted its holdings in SPDR Gold Shares by 4.3% during the first quarter. Marcum Wealth LLC now owns 954 shares of the exchange traded fund’s stock worth $275,000 after purchasing an additional 39 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Trading Down 1.4%

Shares of GLD stock opened at $311.78 on Tuesday. SPDR Gold Shares has a 1 year low of $212.12 and a 1 year high of $317.63. The firm’s fifty day moving average price is $304.30 and its two-hundred day moving average price is $275.57. The firm has a market capitalization of $101.95 billion, a P/E ratio of -32.43 and a beta of 0.11.

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).