First City Capital Management Inc. Has $629,000 Stake in SPDR Gold Shares (NYSEARCA:GLD)

First City Capital Management Inc. lessened its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 8.5% during the second quarter, Holdings Channel reports. The fund owned 2,925 shares of the exchange traded fund’s stock after selling 272 shares during the quarter. First City Capital Management Inc.’s holdings in SPDR Gold Shares were worth $629,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Scarborough Advisors LLC grew its position in SPDR Gold Shares by 10,133.3% in the 4th quarter. Scarborough Advisors LLC now owns 2,662,393 shares of the exchange traded fund’s stock valued at $508,970,000 after purchasing an additional 2,636,376 shares during the period. Toronto Dominion Bank lifted its stake in shares of SPDR Gold Shares by 23.6% in the first quarter. Toronto Dominion Bank now owns 5,649,510 shares of the exchange traded fund’s stock valued at $1,162,217,000 after buying an additional 1,079,452 shares in the last quarter. Arizona PSPRS Trust acquired a new position in shares of SPDR Gold Shares during the second quarter valued at about $157,187,000. Global Assets Advisory LLC bought a new stake in shares of SPDR Gold Shares during the first quarter worth about $144,269,000. Finally, GLOBALT Investments LLC GA acquired a new stake in shares of SPDR Gold Shares in the 4th quarter worth about $124,066,000. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Up 1.3 %

Shares of NYSEARCA GLD opened at $242.21 on Friday. The firm’s 50-day simple moving average is $228.91 and its 200 day simple moving average is $219.01. SPDR Gold Shares has a fifty-two week low of $168.30 and a fifty-two week high of $242.63.

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).