Welch & Forbes LLC Sells 300 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Welch & Forbes LLC lessened its stake in SPDR Gold Shares (NYSEARCA:GLD) by 9.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,756 shares of the exchange traded fund’s stock after selling 300 shares during the period. Welch & Forbes LLC’s holdings in SPDR Gold Shares were worth $527,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. FORVIS Wealth Advisors LLC raised its position in shares of SPDR Gold Shares by 14.6% during the third quarter. FORVIS Wealth Advisors LLC now owns 2,005 shares of the exchange traded fund’s stock worth $344,000 after purchasing an additional 256 shares during the period. Park Avenue Securities LLC boosted its position in shares of SPDR Gold Shares by 19.8% during the 3rd quarter. Park Avenue Securities LLC now owns 36,651 shares of the exchange traded fund’s stock valued at $6,284,000 after acquiring an additional 6,046 shares during the last quarter. Catalyst Financial Partners LLC bought a new position in SPDR Gold Shares during the third quarter valued at approximately $209,000. Gratus Capital LLC purchased a new stake in SPDR Gold Shares during the 3rd quarter valued at $369,000. Finally, Traverso Chambers Private Wealth Management LLC lifted its position in SPDR Gold Shares by 50.3% during the 3rd quarter. Traverso Chambers Private Wealth Management LLC now owns 1,846 shares of the exchange traded fund’s stock valued at $316,000 after acquiring an additional 618 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.2 %

Shares of NYSEARCA:GLD traded up $0.37 during midday trading on Wednesday, reaching $214.58. 1,685,928 shares of the company’s stock traded hands, compared to its average volume of 7,859,957. The stock has a 50 day moving average of $208.23 and a 200 day moving average of $194.39. SPDR Gold Shares has a one year low of $168.30 and a one 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).