Clearstead Trust LLC Sells 800 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Clearstead Trust LLC reduced its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 57.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 592 shares of the exchange traded fund’s stock after selling 800 shares during the quarter. Clearstead Trust LLC’s holdings in SPDR Gold Shares were worth $113,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of GLD. First Personal Financial Services bought a new stake in SPDR Gold Shares during the fourth quarter worth $25,000. Johnson Midwest Financial LLC lifted its stake in shares of 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 valued at $31,000 after acquiring an additional 140 shares during the last quarter. Private Ocean LLC boosted its holdings in shares of SPDR Gold Shares by 232.7% during the 4th quarter. Private Ocean LLC now owns 163 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 114 shares in the last quarter. Naples Money Management LLC acquired a new position in SPDR Gold Shares in the 4th quarter worth about $31,000. Finally, GAMMA Investing LLC bought a new position in SPDR Gold Shares in the fourth quarter valued at about $33,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD traded down $0.17 during midday trading on Friday, hitting $212.96. 8,679,910 shares of the stock were exchanged, compared to its average volume of 11,009,346. The business’s 50-day moving average price is $207.17 and its 200 day moving average price is $193.95. SPDR Gold Shares has a 12 month low of $168.30 and a 12 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).