SPDR Gold Shares (NYSEARCA:GLD) Position Cut by HM Payson & Co.

HM Payson & Co. trimmed its stake in SPDR Gold Shares (NYSEARCA:GLD) by 5.0% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 3,945 shares of the exchange traded fund’s stock after selling 206 shares during the quarter. HM Payson & Co.’s holdings in SPDR Gold Shares were worth $1,137,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in GLD. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of SPDR Gold Shares by 6.6% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 568 shares of the exchange traded fund’s stock valued at $164,000 after purchasing an additional 35 shares in the last quarter. Stewardship Advisors LLC raised its stake in shares of SPDR Gold Shares by 2.6% during the first quarter. Stewardship Advisors LLC now owns 1,441 shares of the exchange traded fund’s stock valued at $415,000 after purchasing an additional 36 shares in the last quarter. JBR Co Financial Management Inc raised its stake in shares of SPDR Gold Shares by 2.1% during the first quarter. JBR Co Financial Management Inc now owns 1,741 shares of the exchange traded fund’s stock valued at $502,000 after purchasing an additional 36 shares in the last quarter. Mayfair Advisory Group LLC raised its stake in shares of SPDR Gold Shares by 1.3% during the first quarter. Mayfair Advisory Group LLC now owns 2,844 shares of the exchange traded fund’s stock valued at $819,000 after purchasing an additional 36 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. raised its stake in shares of SPDR Gold Shares by 1.0% during the first quarter. Farmers & Merchants Investments Inc. now owns 3,662 shares of the exchange traded fund’s stock valued at $1,055,000 after purchasing an additional 37 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Down 0.7%

Shares of NYSEARCA GLD opened at $307.14 on Friday. SPDR Gold Shares has a fifty-two week low of $217.27 and a fifty-two week high of $317.63. The firm’s 50-day simple moving average is $306.16 and its 200 day simple moving average is $281.50. The stock has a market cap of $101.60 billion, a P/E ratio of -32.43 and a beta of 0.15.

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).