Bruce G. Allen Investments LLC Sells 123 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Bruce G. Allen Investments LLC decreased its position in SPDR Gold Shares (NYSEARCA:GLD) by 9.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,124 shares of the exchange traded fund’s stock after selling 123 shares during the period. Bruce G. Allen Investments LLC’s holdings in SPDR Gold Shares were worth $272,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its position in shares of SPDR Gold Shares by 21,571.1% during the third quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock worth $735,169,000 after buying an additional 3,010,682 shares during the period. Cerity Partners OCIO LLC bought a new position in shares of SPDR Gold Shares during the 2nd quarter worth approximately $78,434,000. AlTi Global Inc. raised its holdings in shares of SPDR Gold Shares by 145.0% in the second quarter. AlTi Global Inc. now owns 335,937 shares of the exchange traded fund’s stock valued at $72,212,000 after purchasing an additional 198,823 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in 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 worth $110,386,000 after purchasing an additional 146,271 shares during the last quarter. Finally, Banco Santander S.A. increased its stake 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 valued at $39,065,000 after buying an additional 114,151 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD traded up $2.40 during midday trading on Friday, reaching $248.26. The company had a trading volume of 11,326,991 shares, compared to its average volume of 6,189,157. SPDR Gold Shares has a 1-year low of $183.78 and a 1-year high of $257.71. The business’s 50 day moving average price is $244.10 and its 200 day moving average price is $236.81.

SPDR Gold Shares Company 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).