Levin Capital Strategies L.P. Sells 7,569 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Levin Capital Strategies L.P. trimmed its position in SPDR Gold Shares (NYSEARCA:GLD) by 13.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 48,293 shares of the exchange traded fund’s stock after selling 7,569 shares during the quarter. Levin Capital Strategies L.P.’s holdings in SPDR Gold Shares were worth $9,232,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Compass Ion Advisors LLC increased its position in shares of SPDR Gold Shares by 0.7% during the fourth quarter. Compass Ion Advisors LLC now owns 8,313 shares of the exchange traded fund’s stock valued at $1,589,000 after acquiring an additional 54 shares in the last quarter. Capital Market Strategies LLC boosted its holdings in SPDR Gold Shares by 4.6% in the fourth quarter. Capital Market Strategies LLC now owns 1,247 shares of the exchange traded fund’s stock worth $238,000 after purchasing an additional 55 shares during the last quarter. JB Capital LLC boosted its holdings in SPDR Gold Shares by 2.4% in the fourth quarter. JB Capital LLC now owns 2,379 shares of the exchange traded fund’s stock worth $455,000 after purchasing an additional 55 shares during the last quarter. IAG Wealth Partners LLC boosted its stake in shares of SPDR Gold Shares by 9.5% during the 3rd quarter. IAG Wealth Partners LLC now owns 648 shares of the exchange traded fund’s stock worth $111,000 after acquiring an additional 56 shares during the last quarter. Finally, Financial Sense Advisors Inc. boosted its stake in shares of SPDR Gold Shares by 2.0% during the 3rd quarter. Financial Sense Advisors Inc. now owns 2,891 shares of the exchange traded fund’s stock worth $496,000 after acquiring an additional 56 shares during the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Trading Down 0.2 %

Shares of SPDR Gold Shares stock traded down $0.48 on Thursday, hitting $213.31. 4,741,380 shares of the company’s stock were exchanged, compared to its average volume of 7,943,368. The company has a 50-day simple moving average of $206.17 and a 200-day simple moving average of $193.37. SPDR Gold Shares has a 1 year low of $168.30 and a 1 year high of $225.09.

SPDR Gold Shares 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).