Patton Fund Management Inc. Sells 1,111 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Patton Fund Management Inc. reduced its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 20.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,266 shares of the exchange traded fund’s stock after selling 1,111 shares during the period. Patton Fund Management Inc.’s holdings in SPDR Gold Shares were worth $1,033,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Romano Brothers AND Company increased its stake in SPDR Gold Shares by 1.0% during the 3rd quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock valued at $1,002,000 after purchasing an additional 40 shares in the last quarter. Delta Financial Group Inc. grew its holdings in shares of SPDR Gold Shares by 1.2% during the third quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock valued at $849,000 after buying an additional 41 shares during the last quarter. Magnus Financial Group LLC increased its position in shares of SPDR Gold Shares by 0.6% in 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 acquiring an additional 41 shares during the period. Spinnaker Trust raised its stake in SPDR Gold Shares by 1.1% in the 3rd quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock worth $956,000 after acquiring an additional 43 shares during the last quarter. Finally, Adirondack Trust Co. lifted its position in SPDR Gold Shares by 3.3% during the 4th quarter. Adirondack Trust Co. now owns 1,349 shares of the exchange traded fund’s stock worth $327,000 after acquiring an additional 43 shares during the period. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Trading Up 0.9 %

SPDR Gold Shares stock opened at $255.18 on Wednesday. SPDR Gold Shares has a fifty-two week low of $183.78 and a fifty-two week high of $257.71. The business’s 50-day simple moving average is $245.79 and its two-hundred day simple moving average is $240.16.

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).