Stratos Investment Management LLC Sells 700 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Stratos Investment Management LLC lessened its position in SPDR Gold Shares (NYSEARCA:GLD) by 44.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 883 shares of the exchange traded fund’s stock after selling 700 shares during the period. Stratos Investment Management LLC’s holdings in SPDR Gold Shares were worth $215,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. City Holding Co. boosted its position in shares of SPDR Gold Shares by 5.6% during the first quarter. City Holding Co. now owns 3,708 shares of the exchange traded fund’s stock valued at $763,000 after buying an additional 195 shares during the period. St. Johns Investment Management Company LLC lifted its stake in shares of SPDR Gold Shares by 5.7% during the 1st quarter. St. Johns Investment Management Company LLC now owns 27,729 shares of the exchange traded fund’s stock worth $5,704,000 after acquiring an additional 1,492 shares during the last quarter. Traynor Capital Management Inc. boosted its holdings in SPDR Gold Shares by 19.9% during the 1st quarter. Traynor Capital Management Inc. now owns 1,720 shares of the exchange traded fund’s stock valued at $354,000 after acquiring an additional 285 shares during the period. AdvisorNet Financial Inc grew its position in SPDR Gold Shares by 6.5% in the 1st quarter. AdvisorNet Financial Inc now owns 12,289 shares of the exchange traded fund’s stock valued at $2,528,000 after acquiring an additional 751 shares during the last quarter. Finally, Obermeyer Wood Investment Counsel Lllp increased its stake in SPDR Gold Shares by 4.4% in the second quarter. Obermeyer Wood Investment Counsel Lllp now owns 11,645 shares of the exchange traded fund’s stock worth $2,504,000 after purchasing an additional 490 shares during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

Shares of GLD opened at $251.27 on Friday. The firm has a fifty day moving average price of $237.71 and a 200-day moving average price of $225.03. SPDR Gold Shares has a 12-month low of $179.11 and a 12-month high of $251.37.

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).