Harbour Capital Advisors LLC Reduces Position in SPDR Gold Shares (NYSEARCA:GLD)

Harbour Capital Advisors LLC reduced its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 6,379 shares of the exchange traded fund’s stock after selling 150 shares during the quarter. Harbour Capital Advisors LLC’s holdings in SPDR Gold Shares were worth $1,553,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Semmax Financial Advisors Inc. grew its position in shares of SPDR Gold Shares by 78.7% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 48 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in SPDR Gold Shares in the third quarter valued at approximately $28,000. Capital Performance Advisors LLP acquired a new position in SPDR Gold Shares in the third quarter valued at approximately $35,000. Pittenger & Anderson Inc. acquired a new stake in SPDR Gold Shares in the third quarter worth about $38,000. Finally, Sugarloaf Wealth Management LLC increased its stake in SPDR Gold Shares by 78.9% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 71 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD traded down $2.83 during mid-day trading on Monday, reaching $245.38. 7,473,011 shares of the company traded hands, compared to its average volume of 6,560,095. SPDR Gold Shares has a fifty-two week low of $183.78 and a fifty-two week high of $257.71. The stock has a fifty day simple moving average of $244.01 and a 200-day simple moving average of $237.37.

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).