Brendel Financial Advisors LLC Cuts Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Brendel Financial Advisors LLC lessened its stake in SPDR Gold Shares (NYSEARCA:GLD) by 6.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,612 shares of the exchange traded fund’s stock after selling 614 shares during the quarter. Brendel Financial Advisors LLC’s holdings in SPDR Gold Shares were worth $2,085,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Clarus Wealth Advisors increased its holdings in SPDR Gold Shares by 1.7% in the 4th quarter. Clarus Wealth Advisors now owns 7,764 shares of the exchange traded fund’s stock worth $1,908,000 after acquiring an additional 132 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of SPDR Gold Shares by 102.7% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 533 shares of the exchange traded fund’s stock worth $129,000 after buying an additional 270 shares in the last quarter. Park Avenue Securities LLC grew its holdings in shares of SPDR Gold Shares by 4.7% during the fourth quarter. Park Avenue Securities LLC now owns 48,064 shares of the exchange traded fund’s stock worth $11,638,000 after buying an additional 2,142 shares in the last quarter. SS&H Financial Advisors Inc. grew its holdings in shares of SPDR Gold Shares by 1.9% during the fourth quarter. SS&H Financial Advisors Inc. now owns 10,849 shares of the exchange traded fund’s stock worth $2,627,000 after buying an additional 200 shares in the last quarter. Finally, Allen Mooney & Barnes Investment Advisors LLC grew its holdings in shares of SPDR Gold Shares by 3.1% during the fourth quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 2,159 shares of the exchange traded fund’s stock worth $523,000 after buying an additional 64 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.5 %

SPDR Gold Shares stock opened at $247.03 on Wednesday. SPDR Gold Shares has a 52-week low of $183.78 and a 52-week high of $257.71. The company has a fifty day simple moving average of $243.74 and a 200-day simple moving average of $237.81.

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).