Ingalls & Snyder LLC Has $6.51 Million Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Ingalls & Snyder LLC cut its stake in SPDR Gold Shares (NYSEARCA:GLD) by 4.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,873 shares of the exchange traded fund’s stock after selling 1,260 shares during the quarter. Ingalls & Snyder LLC’s holdings in SPDR Gold Shares were worth $6,507,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of GLD. Ashton Thomas Securities LLC bought a new stake in SPDR Gold Shares in the 3rd quarter valued at $28,000. Capital Performance Advisors LLP bought a new position in SPDR Gold Shares during the 3rd quarter valued at about $35,000. Pittenger & Anderson Inc. bought a new position in shares of SPDR Gold Shares in the third quarter valued at about $38,000. Keystone Financial Group Inc. bought a new stake in shares of SPDR Gold Shares during the fourth quarter worth $39,000. Finally, Maryland Capital Advisors Inc. bought a new stake in SPDR Gold Shares during the 3rd quarter worth about $40,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Up 0.1 %

Shares of GLD stock opened at $267.67 on Thursday. The stock has a 50-day moving average of $249.27 and a 200-day moving average of $242.89. SPDR Gold Shares has a one year low of $183.78 and a one year high of $268.66.

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).