Mackay Shields LLC Lowers Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Mackay Shields LLC cut its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 33.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,336 shares of the exchange traded fund’s stock after selling 12,500 shares during the period. Mackay Shields LLC’s holdings in SPDR Gold Shares were worth $6,135,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Stifel Financial Corp lifted its holdings in SPDR Gold Shares by 13.9% in the 3rd 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 in the last quarter. State Street Corp lifted its holdings in SPDR Gold Shares by 6.6% in the 3rd quarter. State Street Corp now owns 764,315 shares of the exchange traded fund’s stock worth $185,774,000 after purchasing an additional 47,507 shares in the last quarter. US Bancorp DE lifted its holdings in SPDR Gold Shares by 0.5% in the 3rd quarter. US Bancorp DE now owns 691,648 shares of the exchange traded fund’s stock worth $168,112,000 after purchasing an additional 3,614 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in SPDR Gold Shares by 4.9% in 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 in the last quarter. Finally, Strategic Financial Concepts LLC raised its holdings in shares of SPDR Gold Shares by 24,600.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 608,876 shares of the exchange traded fund’s stock worth $147,427,000 after acquiring an additional 606,411 shares in the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Down 0.1 %

Shares of GLD opened at $270.74 on Friday. SPDR Gold Shares has a 1 year low of $187.05 and a 1 year high of $271.84. The business’s 50 day simple moving average is $253.00 and its 200-day simple moving average is $245.32.

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).