Traders Sell SPDR Gold Shares (GLD) on Strength (GLD)

Investors sold shares of SPDR Gold Shares (NYSEARCA:GLD) on strength during trading on Thursday. $89.52 million flowed into the stock on the tick-up and $191.58 million flowed out of the stock on the tick-down, for a money net flow of $102.06 million out of the stock. Of all stocks tracked, SPDR Gold Shares had the 12th highest net out-flow for the day. SPDR Gold Shares traded up $0.19 for the day and closed at $123.38

Several large investors have recently modified their holdings of the company. Venturi Wealth Management LLC lifted its position in shares of SPDR Gold Shares by 3.3% during the 4th quarter. Venturi Wealth Management LLC now owns 12,616 shares of the exchange traded fund’s stock worth $1,560,000 after buying an additional 399 shares during the last quarter. Guardian Capital Advisors LP increased its holdings in shares of SPDR Gold Shares by 12.2% in the 4th quarter. Guardian Capital Advisors LP now owns 3,676 shares of the exchange traded fund’s stock valued at $465,000 after acquiring an additional 400 shares during the period. Violich Capital Management Inc. increased its holdings in shares of SPDR Gold Shares by 1.3% in the 1st quarter. Violich Capital Management Inc. now owns 31,710 shares of the exchange traded fund’s stock valued at $3,989,000 after acquiring an additional 400 shares during the period. Dixon Hubard Feinour & Brown Inc. VA increased its holdings in shares of SPDR Gold Shares by 24.5% in the 4th quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 2,110 shares of the exchange traded fund’s stock valued at $261,000 after acquiring an additional 415 shares during the period. Finally, M Holdings Securities Inc. increased its holdings in shares of SPDR Gold Shares by 5.9% in the 4th quarter. M Holdings Securities Inc. now owns 7,649 shares of the exchange traded fund’s stock valued at $2,159,000 after acquiring an additional 425 shares during the period.

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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