Pier 88 Investment Partners LLC Lowers Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Pier 88 Investment Partners LLC reduced its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 58.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,693 shares of the exchange traded fund’s stock after selling 9,226 shares during the period. Pier 88 Investment Partners LLC’s holdings in SPDR Gold Shares were worth $1,280,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in GLD. First Personal Financial Services purchased a new position in SPDR Gold Shares in the 4th quarter valued at about $25,000. Frazier Financial Advisors LLC acquired a new position in shares of SPDR Gold Shares during the fourth quarter valued at approximately $26,000. Private Ocean LLC lifted its position in shares of SPDR Gold Shares by 232.7% in the fourth quarter. Private Ocean LLC now owns 163 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 114 shares in the last quarter. Naples Money Management LLC acquired a new stake in shares of SPDR Gold Shares in the fourth quarter worth approximately $31,000. Finally, Advantage Trust Co purchased a new stake in shares of SPDR Gold Shares during the fourth quarter worth approximately $32,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 0.1 %

NYSEARCA GLD traded up $0.20 during mid-day trading on Friday, hitting $215.92. The stock had a trading volume of 4,212,379 shares, compared to its average volume of 7,236,997. The firm’s 50 day moving average is $213.86 and its 200 day moving average is $197.63. SPDR Gold Shares has a twelve month low of $168.30 and a twelve month high of $225.66.

SPDR Gold Shares 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).