Sigma Planning Corp Lowers Stake in SPDR Gold Shares (NYSEARCA:GLD)

Sigma Planning Corp lessened its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 16.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 61,312 shares of the exchange traded fund’s stock after selling 12,191 shares during the period. Sigma Planning Corp’s holdings in SPDR Gold Shares were worth $14,846,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Turning Point Benefit Group Inc. purchased a new stake in SPDR Gold Shares during the fourth quarter valued at about $1,019,000. Oxbow Advisors LLC boosted its position in shares of SPDR Gold Shares by 6.6% in the fourth quarter. Oxbow Advisors LLC now owns 29,133 shares of the exchange traded fund’s stock worth $7,054,000 after buying an additional 1,799 shares during the period. Thompson Davis & CO. Inc. boosted its position in shares of SPDR Gold Shares by 2.0% in the fourth quarter. Thompson Davis & CO. Inc. now owns 2,612 shares of the exchange traded fund’s stock worth $632,000 after buying an additional 50 shares during the period. Navellier & Associates Inc. boosted its position in shares of SPDR Gold Shares by 246.2% in the fourth quarter. Navellier & Associates Inc. now owns 7,065 shares of the exchange traded fund’s stock worth $1,711,000 after buying an additional 5,024 shares during the period. Finally, Matauro LLC purchased a new stake in shares of SPDR Gold Shares in the fourth quarter worth about $3,784,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.1 %

Shares of NYSEARCA GLD opened at $270.74 on Friday. SPDR Gold Shares has a 1-year low of $187.05 and a 1-year high of $271.84. The business has a 50-day moving average of $253.00 and a 200-day moving average of $245.15.

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).