Blue Fin Capital Inc. Sells 2,279 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Blue Fin Capital Inc. cut its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 5.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,100 shares of the exchange traded fund’s stock after selling 2,279 shares during the period. SPDR Gold Shares makes up about 1.8% of Blue Fin Capital Inc.’s portfolio, making the stock its 12th biggest holding. Blue Fin Capital Inc.’s holdings in SPDR Gold Shares were worth $6,901,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Chevy Chase Trust Holdings LLC increased its position in shares of SPDR Gold Shares by 34.4% during the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 3,143 shares of the exchange traded fund’s stock valued at $539,000 after purchasing an additional 805 shares during the last quarter. Pinnacle Associates Ltd. increased its position in SPDR Gold Shares by 4.5% during the third quarter. Pinnacle Associates Ltd. now owns 11,655 shares of the exchange traded fund’s stock valued at $1,998,000 after acquiring an additional 505 shares during the last quarter. Bangor Savings Bank raised its stake in shares of SPDR Gold Shares by 152.9% in the third quarter. Bangor Savings Bank now owns 1,325 shares of the exchange traded fund’s stock valued at $227,000 after acquiring an additional 801 shares during the period. Patton Albertson Miller Group LLC bought a new stake in shares of SPDR Gold Shares in the 3rd quarter worth about $238,000. Finally, Corepath Wealth Partners LLC boosted its stake in shares of SPDR Gold Shares by 2.1% during the 3rd quarter. Corepath Wealth Partners LLC now owns 43,347 shares of the exchange traded fund’s stock worth $7,752,000 after purchasing an additional 877 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD traded down $0.17 during mid-day trading on Friday, hitting $212.96. 8,679,910 shares of the stock traded hands, compared to its average volume of 11,009,346. SPDR Gold Shares has a 52 week low of $168.30 and a 52 week high of $225.09. The firm’s 50 day moving average is $207.17 and its two-hundred day moving average is $193.75.

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).