Wellington Shields Capital Management LLC reduced its stake in SPDR Gold Trust (NYSEARCA:GLD) by 4.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,640 shares of the exchange traded fund’s stock after selling 400 shares during the quarter. Wellington Shields Capital Management LLC’s holdings in SPDR Gold Trust were worth $1,192,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. RPg Family Wealth Advisory LLC lifted its position in SPDR Gold Trust by 118.9% during the 3rd quarter. RPg Family Wealth Advisory LLC now owns 939 shares of the exchange traded fund’s stock worth $114,000 after buying an additional 510 shares in the last quarter. Truepoint Inc. lifted its position in SPDR Gold Trust by 2,551.0% during the 3rd quarter. Truepoint Inc. now owns 116,960 shares of the exchange traded fund’s stock worth $117,000 after buying an additional 112,548 shares in the last quarter. Field & Main Bank bought a new stake in SPDR Gold Trust during the 4th quarter worth about $127,000. Mandatum Life Insurance Co Ltd bought a new stake in SPDR Gold Trust during the 4th quarter worth about $133,000. Finally, Chicago Partners Investment Group LLC lifted its position in SPDR Gold Trust by 179.0% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,116 shares of the exchange traded fund’s stock worth $136,000 after buying an additional 716 shares in the last quarter.
Separately, Standpoint Research upped their target price on shares of SPDR Gold Trust to $28,000.00 in a report on Thursday, December 7th.
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SPDR Gold Trust Company 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).
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