SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC lowered its position in SPDR Gold Shares (NYSEARCA:GLD) by 99.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 13,704 shares of the exchange traded fund’s stock after selling 3,010,935 shares during the quarter. International Assets Investment Management LLC’s holdings in SPDR Gold Shares were worth $3,363,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Semmax Financial Advisors Inc. boosted its holdings in shares of SPDR Gold Shares by 78.7% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 48 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of SPDR Gold Shares in the 3rd quarter valued at approximately $28,000. Chris Bulman Inc purchased a new position in shares of SPDR Gold Shares during the 2nd quarter valued at approximately $29,000. Capital Performance Advisors LLP bought a new stake in shares of SPDR Gold Shares in the third quarter worth $35,000. Finally, Pittenger & Anderson Inc. acquired a new stake in SPDR Gold Shares in the third quarter valued at $38,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of SPDR Gold Shares stock traded up $1.39 during trading on Wednesday, reaching $245.95. The company had a trading volume of 1,183,032 shares, compared to its average volume of 4,120,929. SPDR Gold Shares has a fifty-two week low of $183.78 and a fifty-two week high of $257.71. The firm’s fifty day moving average is $244.48 and its 200-day moving average is $236.69.

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).