SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Manchester Capital Management LLC

Manchester Capital Management LLC cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 6.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,506 shares of the exchange traded fund’s stock after selling 303 shares during the period. Manchester Capital Management LLC’s holdings in SPDR Gold Shares were worth $1,298,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Brighton Jones LLC lifted its position in SPDR Gold Shares by 20.4% in the fourth quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock worth $2,723,000 after purchasing an additional 1,903 shares during the period. O Shaughnessy Asset Management LLC lifted its position in SPDR Gold Shares by 14.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 5,704 shares of the exchange traded fund’s stock worth $1,381,000 after purchasing an additional 703 shares during the period. Thoroughbred Financial Services LLC lifted its position in SPDR Gold Shares by 3.0% in the fourth quarter. Thoroughbred Financial Services LLC now owns 9,121 shares of the exchange traded fund’s stock worth $2,208,000 after purchasing an additional 266 shares during the period. ROI Financial Advisors LLC lifted its position in SPDR Gold Shares by 4.7% in the fourth quarter. ROI Financial Advisors LLC now owns 14,896 shares of the exchange traded fund’s stock worth $3,607,000 after purchasing an additional 665 shares during the period. Finally, KCM Investment Advisors LLC lifted its position in SPDR Gold Shares by 11.3% in the fourth quarter. KCM Investment Advisors LLC now owns 2,583 shares of the exchange traded fund’s stock worth $625,000 after purchasing an additional 262 shares during the period. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD opened at $309.11 on Friday. SPDR Gold Shares has a one year low of $220.11 and a one year high of $317.63. The stock has a fifty day moving average of $308.03 and a 200-day moving average of $290.40. The company has a market capitalization of $102.56 billion, a PE 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).