SPDR Gold Shares (NYSEARCA:GLD) Position Trimmed by Park Edge Advisors LLC

Park Edge Advisors LLC lowered its stake in SPDR Gold Shares (NYSEARCA:GLD) by 24.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,846 shares of the exchange traded fund’s stock after selling 10,411 shares during the period. SPDR Gold Shares accounts for 2.3% of Park Edge Advisors LLC’s holdings, making the stock its 6th biggest position. Park Edge Advisors LLC’s holdings in SPDR Gold Shares were worth $7,953,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in GLD. International Assets Investment Management LLC raised its position in SPDR Gold Shares by 21,571.1% during the 3rd quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock worth $735,169,000 after buying an additional 3,010,682 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of SPDR Gold Shares by 13.9% during the third quarter. Stifel Financial Corp now owns 822,531 shares of the exchange traded fund’s stock worth $199,924,000 after purchasing an additional 100,149 shares during the last quarter. State Street Corp lifted its position in SPDR Gold Shares by 6.6% during the third quarter. State Street Corp now owns 764,315 shares of the exchange traded fund’s stock valued at $185,774,000 after purchasing an additional 47,507 shares during the period. US Bancorp DE boosted its holdings in SPDR Gold Shares by 0.5% in the third quarter. US Bancorp DE now owns 691,648 shares of the exchange traded fund’s stock valued at $168,112,000 after purchasing an additional 3,614 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its position in SPDR Gold Shares by 4.9% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 665,498 shares of the exchange traded fund’s stock worth $161,670,000 after purchasing an additional 30,952 shares during the period. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of GLD stock opened at $255.65 on Friday. SPDR Gold Shares has a 52-week low of $183.78 and a 52-week high of $257.71. The business has a 50-day simple moving average of $245.31 and a 200-day simple moving average of $239.43.

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).