SignalPoint Asset Management LLC Lowers Holdings in SPDR Gold Shares (NYSEARCA:GLD)

SignalPoint Asset Management LLC trimmed its holdings in SPDR Gold Shares (NYSEARCA:GLDGet Rating) by 11.5% during the 1st quarter, Holdings Channel.com reports. The fund owned 4,963 shares of the exchange traded fund’s stock after selling 644 shares during the period. SignalPoint Asset Management LLC’s holdings in SPDR Gold Shares were worth $897,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Toronto Dominion Bank lifted its position in shares of SPDR Gold Shares by 49.5% in the fourth quarter. Toronto Dominion Bank now owns 1,445,006 shares of the exchange traded fund’s stock worth $247,037,000 after buying an additional 478,324 shares in the last quarter. Bailard Inc. lifted its position in shares of SPDR Gold Shares by 7,332.9% in the first quarter. Bailard Inc. now owns 443,816 shares of the exchange traded fund’s stock worth $80,175,000 after buying an additional 437,845 shares in the last quarter. AE Wealth Management LLC lifted its position in shares of SPDR Gold Shares by 57.5% in the first quarter. AE Wealth Management LLC now owns 1,161,700 shares of the exchange traded fund’s stock worth $209,861,000 after buying an additional 424,039 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of SPDR Gold Shares by 362.8% in the first quarter. Victory Capital Management Inc. now owns 324,205 shares of the exchange traded fund’s stock worth $57,355,000 after buying an additional 254,149 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of SPDR Gold Shares by 18.4% in the first quarter. Envestnet Asset Management Inc. now owns 1,307,246 shares of the exchange traded fund’s stock worth $236,154,000 after buying an additional 203,039 shares in the last quarter. 33.15% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD traded down $1.88 during mid-day trading on Friday, reaching $165.29. The stock had a trading volume of 6,023,291 shares, compared to its average volume of 5,663,337. SPDR Gold Shares has a 1 year low of $158.02 and a 1 year high of $193.30. The business’s 50 day moving average price is $166.71 and its 200 day moving average price is $173.28.

SPDR Gold Shares Company Profile

(Get Rating)

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).

Further Reading

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

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