SPDR Gold Shares (NYSEARCA:GLD) Position Reduced by Sicart Associates LLC

Sicart Associates LLC lessened its stake in SPDR Gold Shares (NYSEARCA:GLD) by 6.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 160,704 shares of the exchange traded fund’s stock after selling 10,185 shares during the period. SPDR Gold Shares comprises approximately 8.7% of Sicart Associates LLC’s investment portfolio, making the stock its 2nd largest holding. Sicart Associates LLC’s holdings in SPDR Gold Shares were worth $21,406,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in GLD. Grandview Asset Management LLC raised its stake in SPDR Gold Shares by 1.9% in the 1st quarter. Grandview Asset Management LLC now owns 5,058 shares of the exchange traded fund’s stock valued at $617,000 after purchasing an additional 94 shares during the last quarter. Country Club Trust Company n.a. raised its stake in SPDR Gold Shares by 1.9% in the 1st quarter. Country Club Trust Company n.a. now owns 5,414 shares of the exchange traded fund’s stock valued at $660,000 after purchasing an additional 99 shares during the last quarter. Gofen & Glossberg LLC IL raised its stake in SPDR Gold Shares by 1.9% in the 1st quarter. Gofen & Glossberg LLC IL now owns 5,467 shares of the exchange traded fund’s stock valued at $667,000 after purchasing an additional 100 shares during the last quarter. Valeo Financial Advisors LLC raised its stake in SPDR Gold Shares by 3.3% in the 1st quarter. Valeo Financial Advisors LLC now owns 3,093 shares of the exchange traded fund’s stock valued at $377,000 after purchasing an additional 100 shares during the last quarter. Finally, DORCHESTER WEALTH MANAGEMENT Co raised its stake in SPDR Gold Shares by 3.2% in the 1st quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 3,205 shares of the exchange traded fund’s stock valued at $391,000 after purchasing an additional 100 shares during the last quarter.

NYSEARCA GLD traded down $0.38 during mid-day trading on Friday, hitting $136.03. The stock had a trading volume of 1,222,726 shares, compared to its average volume of 8,362,615. The stock’s 50 day moving average is $132.33. SPDR Gold Shares has a twelve month low of $111.06 and a twelve month high of $136.63.

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).

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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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