SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Sterling Financial Planning Inc.

Sterling Financial Planning Inc. lessened its stake in SPDR Gold Shares (NYSEARCA:GLD) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,032 shares of the exchange traded fund’s stock after selling 531 shares during the period. SPDR Gold Shares accounts for approximately 1.3% of Sterling Financial Planning Inc.’s portfolio, making the stock its 23rd largest position. Sterling Financial Planning Inc.’s holdings in SPDR Gold Shares were worth $3,065,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Compass Ion Advisors LLC boosted its holdings in shares of SPDR Gold Shares by 0.7% in the 4th quarter. Compass Ion Advisors LLC now owns 8,313 shares of the exchange traded fund’s stock valued at $1,589,000 after buying an additional 54 shares during the period. Pensionmark Financial Group LLC boosted its stake in SPDR Gold Shares by 1.1% during the 1st quarter. Pensionmark Financial Group LLC now owns 5,029 shares of the exchange traded fund’s stock valued at $921,000 after purchasing an additional 55 shares during the period. Capital Market Strategies LLC boosted its stake in SPDR Gold Shares by 4.6% during the 4th quarter. Capital Market Strategies LLC now owns 1,247 shares of the exchange traded fund’s stock valued at $238,000 after purchasing an additional 55 shares during the period. JB Capital LLC boosted its stake in SPDR Gold Shares by 2.4% during the 4th quarter. JB Capital LLC now owns 2,379 shares of the exchange traded fund’s stock valued at $455,000 after purchasing an additional 55 shares during the period. Finally, IAG Wealth Partners LLC boosted its stake in SPDR Gold Shares by 9.5% during the 3rd quarter. IAG Wealth Partners LLC now owns 648 shares of the exchange traded fund’s stock valued at $111,000 after purchasing an additional 56 shares during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 0.3 %

SPDR Gold Shares stock traded up $0.75 during midday trading on Thursday, reaching $220.34. 6,486,733 shares of the stock traded hands, compared to its average volume of 7,881,406. The firm has a fifty day moving average price of $200.25 and a two-hundred day moving average price of $190.27. SPDR Gold Shares has a fifty-two week low of $168.30 and a fifty-two week high of $225.09.

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).