Embree Financial Group Trims Stake in SPDR Gold Shares (NYSEARCA:GLD)

Embree Financial Group cut its stake in SPDR Gold Shares (NYSEARCA:GLD) by 18.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,281 shares of the exchange traded fund’s stock after selling 726 shares during the quarter. Embree Financial Group’s holdings in SPDR Gold Shares were worth $794,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Flagship Private Wealth LLC grew its position in shares of SPDR Gold Shares by 7.9% during the 4th quarter. Flagship Private Wealth LLC now owns 9,039 shares of the exchange traded fund’s stock valued at $2,189,000 after acquiring an additional 660 shares during the period. Crescent Grove Advisors LLC boosted its position in SPDR Gold Shares by 3.7% during the fourth quarter. Crescent Grove Advisors LLC now owns 6,184 shares of the exchange traded fund’s stock worth $1,497,000 after purchasing an additional 218 shares in the last quarter. KFG Wealth Management LLC boosted its position in SPDR Gold Shares by 3.7% during the fourth quarter. KFG Wealth Management LLC now owns 6,229 shares of the exchange traded fund’s stock worth $1,508,000 after purchasing an additional 225 shares in the last quarter. Jamison Private Wealth Management Inc. grew its holdings in SPDR Gold Shares by 493.1% in the fourth quarter. Jamison Private Wealth Management Inc. now owns 4,276 shares of the exchange traded fund’s stock valued at $1,035,000 after purchasing an additional 3,555 shares during the period. Finally, Archford Capital Strategies LLC increased its position in shares of SPDR Gold Shares by 3.3% in the fourth quarter. Archford Capital Strategies LLC now owns 2,564 shares of the exchange traded fund’s stock valued at $621,000 after buying an additional 83 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.6 %

Shares of NYSEARCA:GLD opened at $255.65 on Friday. The business’s 50 day moving average price is $245.31 and its 200-day moving average price is $239.43. SPDR Gold Shares has a 1 year low of $183.78 and a 1 year high of $257.71.

SPDR Gold Shares 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).