North Star Investment Management Corp. Decreases Position in SPDR Gold Shares (NYSEARCA:GLD)

North Star Investment Management Corp. decreased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,312 shares of the exchange traded fund’s stock after selling 873 shares during the quarter. North Star Investment Management Corp.’s holdings in SPDR Gold Shares were worth $6,882,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Austin Private Wealth LLC lifted its stake in SPDR Gold Shares by 47.1% during the 3rd quarter. Austin Private Wealth LLC now owns 2,774 shares of the exchange traded fund’s stock valued at $674,000 after acquiring an additional 888 shares during the period. Crestwood Advisors Group LLC raised its holdings in shares of SPDR Gold Shares by 4.6% during the third quarter. Crestwood Advisors Group LLC now owns 4,997 shares of the exchange traded fund’s stock valued at $1,215,000 after purchasing an additional 222 shares during the last quarter. Heritage Investors Management Corp raised its holdings in shares of SPDR Gold Shares by 123.1% during the third quarter. Heritage Investors Management Corp now owns 2,476 shares of the exchange traded fund’s stock valued at $602,000 after purchasing an additional 1,366 shares during the last quarter. Pittenger & Anderson Inc. bought a new position in SPDR Gold Shares during the third quarter valued at approximately $38,000. Finally, Hanlon Investment Management Inc. purchased a new stake in SPDR Gold Shares in the third quarter worth approximately $564,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

GLD traded up $0.04 during mid-day trading on Tuesday, reaching $252.87. 1,080,677 shares of the company traded hands, compared to its average volume of 6,941,003. The company’s fifty day moving average price is $242.83 and its 200-day moving average price is $227.89. SPDR Gold Shares has a 52-week low of $179.11 and a 52-week high of $257.71.

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).