Empirical Asset Management LLC Trims Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Empirical Asset Management LLC decreased its position in SPDR Gold Shares (NYSEARCA:GLD) by 0.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,548 shares of the exchange traded fund’s stock after selling 65 shares during the period. Empirical Asset Management LLC’s holdings in SPDR Gold Shares were worth $3,779,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Sapient Capital LLC grew its position in SPDR Gold Shares by 3.3% during the 3rd quarter. Sapient Capital LLC now owns 115,151 shares of the exchange traded fund’s stock worth $27,989,000 after purchasing an additional 3,649 shares during the period. ORG Wealth Partners LLC acquired a new stake in shares of SPDR Gold Shares during the 3rd quarter valued at about $46,000. Procyon Advisors LLC grew its position in shares of SPDR Gold Shares by 5.2% during the 3rd quarter. Procyon Advisors LLC now owns 7,979 shares of the exchange traded fund’s stock valued at $1,939,000 after acquiring an additional 397 shares during the period. Accelerate Investment Advisors LLC acquired a new stake in shares of SPDR Gold Shares during the 3rd quarter valued at about $322,000. Finally, VitalStone Financial LLC grew its position in shares of SPDR Gold Shares by 53.1% during the 3rd quarter. VitalStone Financial LLC now owns 12,704 shares of the exchange traded fund’s stock valued at $3,088,000 after acquiring an additional 4,406 shares during the period. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD traded down $0.68 during trading on Monday, reaching $244.79. 1,117,712 shares of the company’s stock traded hands, compared to its average volume of 6,986,131. SPDR Gold Shares has a fifty-two week low of $177.54 and a fifty-two week high of $247.37. The company has a 50-day simple moving average of $235.20 and a 200-day simple moving average of $223.75.

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).