SPDR Gold Shares (NYSEARCA:GLD) Stake Lessened by Modus Advisors LLC

Modus Advisors LLC lessened its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,416 shares of the exchange traded fund’s stock after selling 87 shares during the quarter. Modus Advisors LLC’s holdings in SPDR Gold Shares were worth $1,796,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in GLD. Semmax Financial Advisors Inc. boosted its holdings in SPDR Gold Shares by 78.7% in the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 48 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in SPDR Gold Shares in the 3rd quarter worth approximately $28,000. Chris Bulman Inc bought a new stake in SPDR Gold Shares during the second quarter worth approximately $29,000. Capital Performance Advisors LLP acquired a new position in SPDR Gold Shares during the third quarter valued at approximately $35,000. Finally, Pittenger & Anderson Inc. bought a new stake in shares of SPDR Gold Shares in the third quarter valued at about $38,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.6 %

SPDR Gold Shares stock traded down $1.58 during trading hours on Friday, hitting $243.84. The stock had a trading volume of 1,222,500 shares, compared to its average volume of 3,570,237. SPDR Gold Shares has a fifty-two week low of $183.78 and a fifty-two week high of $257.71. The company has a 50-day moving average of $245.11 and a two-hundred day moving average of $235.81.

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).