SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Westover Capital Advisors LLC

Westover Capital Advisors LLC cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 0.1% in the 4th quarter, Holdings Channel reports. The firm owned 58,140 shares of the exchange traded fund’s stock after selling 76 shares during the period. SPDR Gold Shares accounts for about 3.6% of Westover Capital Advisors LLC’s holdings, making the stock its 4th largest position. Westover Capital Advisors LLC’s holdings in SPDR Gold Shares were worth $11,115,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of GLD. Commonwealth Equity Services LLC lifted its stake in SPDR Gold Shares by 4.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 1,054,867 shares of the exchange traded fund’s stock valued at $201,659,000 after purchasing an additional 47,681 shares during the last quarter. Fisher Asset Management LLC grew its position in SPDR Gold Shares by 7.6% during the 4th quarter. Fisher Asset Management LLC now owns 5,588 shares of the exchange traded fund’s stock worth $1,068,000 after acquiring an additional 396 shares during the last quarter. Summit Financial LLC increased its holdings in SPDR Gold Shares by 2.3% in the 4th quarter. Summit Financial LLC now owns 20,011 shares of the exchange traded fund’s stock worth $3,826,000 after purchasing an additional 445 shares in the last quarter. Howe & Rusling Inc. raised its position in SPDR Gold Shares by 9.3% in the fourth quarter. Howe & Rusling Inc. now owns 1,733 shares of the exchange traded fund’s stock valued at $331,000 after purchasing an additional 147 shares during the last quarter. Finally, Essex Financial Services Inc. grew its holdings in shares of SPDR Gold Shares by 7.4% during the fourth quarter. Essex Financial Services Inc. now owns 74,762 shares of the exchange traded fund’s stock worth $14,292,000 after purchasing an additional 5,133 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of SPDR Gold Shares stock traded down $0.54 on Thursday, hitting $213.25. The stock had a trading volume of 4,868,849 shares, compared to its average volume of 7,943,368. The stock has a 50 day moving average of $206.17 and a 200 day moving average of $193.37. SPDR Gold Shares has a twelve month low of $168.30 and a twelve month 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).