Howland Capital Management LLC Sells 50 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Howland Capital Management LLC reduced its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 0.2% during the fourth quarter, HoldingsChannel reports. The firm owned 20,720 shares of the exchange traded fund’s stock after selling 50 shares during the period. Howland Capital Management LLC’s holdings in SPDR Gold Shares were worth $5,017,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Romano Brothers AND Company lifted its holdings in SPDR Gold Shares by 1.0% in 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 acquiring an additional 40 shares during the period. Magnus Financial Group LLC lifted its holdings in SPDR Gold Shares by 0.6% in 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 acquiring an additional 41 shares during the period. Spinnaker Trust lifted its holdings in 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. lifted its holdings in 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, Compton Wealth Advisory Group LLC lifted its holdings in SPDR Gold Shares by 3.2% in the third quarter. Compton Wealth Advisory Group LLC now owns 1,409 shares of the exchange traded fund’s stock valued at $342,000 after acquiring an additional 44 shares during the period. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Price Performance

GLD stock opened at $263.90 on Friday. SPDR Gold Shares has a fifty-two week low of $183.78 and a fifty-two week high of $266.35. The business’s 50-day moving average is $248.30 and its two-hundred day moving average is $241.93.

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).