NBC Securities Inc. Reduces Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

NBC Securities Inc. lowered its position in SPDR Gold Shares (NYSEARCA:GLD) by 5.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,964 shares of the exchange traded fund’s stock after selling 186 shares during the quarter. NBC Securities Inc.’s holdings in SPDR Gold Shares were worth $619,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Scarborough Advisors LLC lifted its stake in SPDR Gold Shares by 10,133.3% during the fourth quarter. Scarborough Advisors LLC now owns 2,662,393 shares of the exchange traded fund’s stock worth $508,970,000 after purchasing an additional 2,636,376 shares in the last quarter. International Assets Investment Management LLC lifted its stake in SPDR Gold Shares by 19,989.3% during the 4th quarter. International Assets Investment Management LLC now owns 2,437,035 shares of the exchange traded fund’s stock worth $465,888,000 after acquiring an additional 2,424,904 shares in the last quarter. GLOBALT Investments LLC GA acquired a new position in SPDR Gold Shares in the 4th quarter valued at about $124,066,000. Toronto Dominion Bank grew its position in SPDR Gold Shares by 14.5% in the 3rd quarter. Toronto Dominion Bank now owns 4,660,292 shares of the exchange traded fund’s stock valued at $799,007,000 after acquiring an additional 591,368 shares in the last quarter. Finally, Euclidean Capital LLC grew its position in SPDR Gold Shares by 91.4% in the 3rd quarter. Euclidean Capital LLC now owns 1,062,500 shares of the exchange traded fund’s stock valued at $182,166,000 after acquiring an additional 507,500 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.2 %

NYSEARCA GLD opened at $218.16 on Friday. The stock has a 50-day moving average of $216.85 and a two-hundred day moving average of $201.53. SPDR Gold Shares has a 1-year low of $168.30 and a 1-year high of $225.66.

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).