SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Farr Miller & Washington LLC DC

Farr Miller & Washington LLC DC lessened its stake in SPDR Gold Shares (NYSEARCA:GLD) by 6.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,050 shares of the exchange traded fund’s stock after selling 222 shares during the period. Farr Miller & Washington LLC DC’s holdings in SPDR Gold Shares were worth $488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. ADE LLC acquired a new stake in shares of SPDR Gold Shares during the fourth quarter worth about $28,000. Arcadia Investment Management Corp MI acquired a new stake in shares of SPDR Gold Shares during the first quarter worth about $29,000. GPS Wealth Strategies Group LLC acquired a new stake in shares of SPDR Gold Shares during the first quarter worth about $30,000. Fort Pitt Capital Group LLC acquired a new stake in shares of SPDR Gold Shares during the fourth quarter worth about $36,000. Finally, Global Wealth Management Investment Advisory Inc. acquired a new stake in shares of SPDR Gold Shares during the fourth quarter worth about $38,000. Institutional investors own 37.06% of the company’s stock.

Shares of GLD opened at $168.76 on Thursday. SPDR Gold Shares has a fifty-two week low of $157.13 and a fifty-two week high of $194.45. The business’s 50-day simple moving average is $171.89.

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).

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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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