SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC lessened its stake in SPDR Gold Shares (NYSEARCA:GLD) by 31.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 7,157 shares of the exchange traded fund’s stock after selling 3,283 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in SPDR Gold Shares were worth $1,368,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of GLD. Spreng Capital Management Inc. lifted its holdings in SPDR Gold Shares by 51.2% in the fourth quarter. Spreng Capital Management Inc. now owns 2,245 shares of the exchange traded fund’s stock worth $429,000 after acquiring an additional 760 shares during the last quarter. Patron Partners LLC lifted its holdings in SPDR Gold Shares by 14.7% in the fourth quarter. Patron Partners LLC now owns 3,327 shares of the exchange traded fund’s stock worth $636,000 after acquiring an additional 426 shares during the last quarter. Winch Advisory Services LLC lifted its holdings in SPDR Gold Shares by 4.6% in the fourth quarter. Winch Advisory Services LLC now owns 9,355 shares of the exchange traded fund’s stock worth $1,788,000 after acquiring an additional 410 shares during the last quarter. Retirement Financial Solutions LLC lifted its holdings in SPDR Gold Shares by 29.2% in the fourth quarter. Retirement Financial Solutions LLC now owns 6,184 shares of the exchange traded fund’s stock worth $1,182,000 after acquiring an additional 1,399 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in SPDR Gold Shares by 3.7% in the fourth quarter. Global Retirement Partners LLC now owns 25,087 shares of the exchange traded fund’s stock worth $4,714,000 after acquiring an additional 887 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD traded up $2.62 during trading hours on Friday, hitting $205.72. The stock had a trading volume of 9,194,473 shares, compared to its average volume of 8,013,539. The stock’s fifty day simple moving average is $192.67 and its 200 day simple moving average is $186.47. SPDR Gold Shares has a 1-year low of $168.30 and a 1-year high of $206.05.

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).