SPDR Gold Shares (NYSEARCA:GLD) Position Cut by Occidental Asset Management LLC

Occidental Asset Management LLC trimmed its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 17.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,362 shares of the exchange traded fund’s stock after selling 293 shares during the quarter. Occidental Asset Management LLC’s holdings in SPDR Gold Shares were worth $260,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GLD. Intrepid Capital Management Inc. bought a new position in SPDR Gold Shares during the 2nd quarter valued at $27,000. Johnson Midwest Financial LLC boosted its stake in SPDR Gold Shares by 350.0% during the 3rd quarter. Johnson Midwest Financial LLC now owns 180 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 140 shares in the last quarter. First Command Advisory Services Inc. bought a new position in SPDR Gold Shares during the 3rd quarter valued at $34,000. Worth Asset Management LLC bought a new position in SPDR Gold Shares during the 1st quarter valued at $36,000. Finally, TD Capital Management LLC boosted its stake in SPDR Gold Shares by 83.3% during the 4th quarter. TD Capital Management LLC now owns 220 shares of the exchange traded fund’s stock valued at $37,000 after purchasing an additional 100 shares in the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Performance

NYSEARCA GLD traded up $2.62 on Friday, reaching $205.72. 9,194,473 shares of the stock traded hands, compared to its average volume of 8,013,539. The firm’s fifty day simple moving average is $192.67 and its 200 day simple moving average is $186.47. SPDR Gold Shares has a 12 month low of $168.30 and a 12 month high of $206.05.

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).