Abbrea Capital LLC Lowers Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Abbrea Capital LLC reduced its position in SPDR Gold Shares (NYSEARCA:GLD) by 2.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 29,006 shares of the exchange traded fund’s stock after selling 710 shares during the period. SPDR Gold Shares comprises approximately 0.8% of Abbrea Capital LLC’s holdings, making the stock its 28th biggest holding. Abbrea Capital LLC’s holdings in SPDR Gold Shares were worth $5,545,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of New Hampshire lifted its holdings in shares of SPDR Gold Shares by 1.0% during the 4th quarter. Bank of New Hampshire now owns 49,451 shares of the exchange traded fund’s stock valued at $9,454,000 after acquiring an additional 478 shares in the last quarter. Nadler Financial Group Inc. lifted its holdings in SPDR Gold Shares by 1.0% in the 4th quarter. Nadler Financial Group Inc. now owns 7,836 shares of the exchange traded fund’s stock worth $1,498,000 after buying an additional 80 shares in the last quarter. Disciplined Equity Management Inc. acquired a new position in SPDR Gold Shares in the 4th quarter worth $95,000. Bailard Inc. lifted its holdings in SPDR Gold Shares by 5,040.4% in the 4th quarter. Bailard Inc. now owns 349,291 shares of the exchange traded fund’s stock worth $66,774,000 after buying an additional 342,496 shares in the last quarter. Finally, Wolverine Asset Management LLC lifted its holdings in SPDR Gold Shares by 2.3% in the 4th quarter. Wolverine Asset Management LLC now owns 3,580 shares of the exchange traded fund’s stock worth $684,000 after buying an additional 80 shares in the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

GLD stock traded up $0.70 during trading on Friday, reaching $216.62. The stock had a trading volume of 6,163,324 shares, compared to its average volume of 7,931,521. SPDR Gold Shares has a 1-year low of $168.30 and a 1-year high of $225.09. The firm has a fifty day moving average price of $203.95 and a 200 day moving average price of $192.11.

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).