Professional Financial Advisors LLC Sells 615 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Professional Financial Advisors LLC cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 7.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 7,524 shares of the exchange traded fund’s stock after selling 615 shares during the period. Professional Financial Advisors LLC’s holdings in SPDR Gold Shares were worth $1,438,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of GLD. Toronto Dominion Bank grew its position in shares of SPDR Gold Shares by 14.5% during the third quarter. Toronto Dominion Bank now owns 4,660,292 shares of the exchange traded fund’s stock valued at $799,007,000 after purchasing an additional 591,368 shares in the last quarter. First Eagle Investment Management LLC grew its position in SPDR Gold Shares by 4.2% in the third quarter. First Eagle Investment Management LLC now owns 3,451,135 shares of the exchange traded fund’s stock worth $599,794,000 after acquiring an additional 137,604 shares in the last quarter. Moneta Group Investment Advisors LLC grew its position in SPDR Gold Shares by 67,584.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 3,037,008 shares of the exchange traded fund’s stock worth $515,198,000 after acquiring an additional 3,032,521 shares in the last quarter. Mackenzie Financial Corp grew its position in SPDR Gold Shares by 0.6% in the third quarter. Mackenzie Financial Corp now owns 1,637,245 shares of the exchange traded fund’s stock worth $276,956,000 after acquiring an additional 9,005 shares in the last quarter. Finally, State Street Corp grew its position in SPDR Gold Shares by 256.0% in the first quarter. State Street Corp now owns 1,142,717 shares of the exchange traded fund’s stock worth $206,432,000 after acquiring an additional 821,773 shares in the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Trading Up 0.9 %

GLD traded up $1.83 on Thursday, hitting $204.93. The company had a trading volume of 3,172,383 shares, compared to its average volume of 6,550,734. SPDR Gold Shares has a 12-month low of $168.30 and a 12-month high of $205.24. The business’s fifty day simple moving average is $191.96 and its 200 day simple moving average is $186.22.

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).