SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Shikiar Asset Management Inc.

Shikiar Asset Management Inc. cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,177 shares of the exchange traded fund’s stock after selling 250 shares during the period. Shikiar Asset Management Inc.’s holdings in SPDR Gold Shares were worth $2,948,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Semmax Financial Advisors Inc. increased its stake in 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 period. Ashton Thomas Securities LLC bought a new position in shares of SPDR Gold Shares in the third quarter valued at approximately $28,000. Capital Performance Advisors LLP acquired a new position in shares of SPDR Gold Shares during the third quarter valued at approximately $35,000. Pittenger & Anderson Inc. acquired a new position in shares of SPDR Gold Shares during the third quarter valued at approximately $38,000. Finally, Sugarloaf Wealth Management LLC raised its holdings in SPDR Gold Shares by 78.9% during the third quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 71 shares in the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Trading Down 0.5 %

Shares of GLD stock opened at $249.27 on Friday. SPDR Gold Shares has a 1 year low of $183.78 and a 1 year high of $257.71. The business’s fifty day moving average is $243.82 and its 200-day moving average is $237.98.

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).