Essex Financial Services Inc. Sells 947 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Essex Financial Services Inc. lowered its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 89,358 shares of the exchange traded fund’s stock after selling 947 shares during the quarter. SPDR Gold Shares comprises 1.5% of Essex Financial Services Inc.’s portfolio, making the stock its 11th largest holding. Essex Financial Services Inc.’s holdings in SPDR Gold Shares were worth $21,636,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Romano Brothers AND Company lifted its position in SPDR Gold Shares by 1.0% during the third 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 during the last quarter. Magnus Financial Group LLC lifted its position in SPDR Gold Shares by 0.6% during the fourth 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 last quarter. Spinnaker Trust raised its stake in shares of SPDR Gold Shares by 1.1% in the third quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock valued at $956,000 after acquiring an additional 43 shares during the period. Adirondack Trust Co. raised its stake in shares of SPDR Gold Shares by 3.3% in the fourth quarter. Adirondack Trust Co. now owns 1,349 shares of the exchange traded fund’s stock valued at $327,000 after acquiring an additional 43 shares during the period. Finally, Acorn Wealth Advisors LLC raised its stake in shares of SPDR Gold Shares by 1.4% in the third quarter. Acorn Wealth Advisors LLC now owns 3,242 shares of the exchange traded fund’s stock valued at $788,000 after acquiring an additional 44 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of GLD opened at $268.37 on Tuesday. SPDR Gold Shares has a twelve month low of $183.78 and a twelve month high of $268.66. The company’s fifty day simple moving average is $248.30 and its 200-day simple moving average is $242.21.

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).