Arnhold LLC Sells 95,436 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Arnhold LLC lowered its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 14.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 543,267 shares of the exchange traded fund’s stock after selling 95,436 shares during the quarter. SPDR Gold Shares comprises 11.6% of Arnhold LLC’s holdings, making the stock its biggest position. Arnhold LLC owned 0.18% of SPDR Gold Shares worth $103,856,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of GLD. First Personal Financial Services acquired a new position in shares of SPDR Gold Shares in the 4th quarter valued at approximately $25,000. Private Ocean LLC grew its stake in shares of SPDR Gold Shares by 232.7% during the fourth quarter. Private Ocean LLC now owns 163 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 114 shares during the last quarter. Naples Money Management LLC acquired a new stake in shares of SPDR Gold Shares during the 4th quarter valued at $31,000. GAMMA Investing LLC bought a new stake in SPDR Gold Shares during the 4th quarter worth $33,000. Finally, Johnson Midwest Financial LLC increased its holdings in SPDR Gold Shares by 350.0% in the 3rd quarter. Johnson Midwest Financial LLC now owns 180 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 140 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

Shares of GLD stock traded down $4.18 during mid-day trading on Tuesday, reaching $212.00. 11,212,974 shares of the stock traded hands, compared to its average volume of 7,953,873. The stock’s fifty day simple moving average is $205.64 and its two-hundred day simple moving average is $193.22. SPDR Gold Shares has a 1-year low of $168.30 and a 1-year high of $225.09.

SPDR Gold Shares Profile

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).