Shufro Rose & Co. LLC Sells 783 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Shufro Rose & Co. LLC reduced its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 68,939 shares of the exchange traded fund’s stock after selling 783 shares during the quarter. SPDR Gold Shares comprises 1.2% of Shufro Rose & Co. LLC’s portfolio, making the stock its 23rd biggest holding. Shufro Rose & Co. LLC’s holdings in SPDR Gold Shares were worth $13,179,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Personal Financial Services bought a new position in shares of SPDR Gold Shares during the fourth quarter valued at about $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 valued at $31,000 after buying an additional 114 shares during the last quarter. Naples Money Management LLC bought a new position in shares of SPDR Gold Shares during the fourth quarter valued at about $31,000. GAMMA Investing LLC bought a new stake in shares of SPDR Gold Shares in the fourth quarter worth about $33,000. Finally, Johnson Midwest Financial LLC grew its stake in shares of SPDR Gold Shares by 350.0% in the third 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 during the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Up 0.3 %

Shares of NYSEARCA GLD traded up $0.70 during trading hours on Friday, hitting $216.62. The company’s stock had a trading volume of 6,268,504 shares, compared to its average volume of 11,521,039. SPDR Gold Shares has a 12 month low of $168.30 and a 12 month high of $225.09. The business has a 50-day simple moving average of $204.56 and a 200-day simple moving average of $192.56.

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).