Vicus Capital reduced its stake in SPDR Gold Shares (NYSEARCA:GLD – Get Rating) by 3.0% during the third quarter, Holdings Channel.com reports. The fund owned 6,016 shares of the exchange traded fund's stock after selling 187 shares during the period. Vicus Capital's holdings in SPDR Gold Shares were worth $930,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Old North State Trust LLC bought a new stake in SPDR Gold Shares in the third quarter worth approximately $26,000. Divergent Wealth Advisors bought a new stake in SPDR Gold Shares in the third quarter worth approximately $285,000. Confluence Wealth Services Inc. increased its holdings in SPDR Gold Shares by 0.9% in the third quarter. Confluence Wealth Services Inc. now owns 8,637 shares of the exchange traded fund's stock worth $1,335,000 after purchasing an additional 75 shares in the last quarter. IFP Advisors Inc increased its holdings in SPDR Gold Shares by 1.1% in the third quarter. IFP Advisors Inc now owns 53,473 shares of the exchange traded fund's stock worth $6,750,000 after purchasing an additional 583 shares in the last quarter. Finally, Robinson Value Management Ltd. increased its holdings in SPDR Gold Shares by 1.0% in the third quarter. Robinson Value Management Ltd. now owns 12,782 shares of the exchange traded fund's stock worth $1,977,000 after purchasing an additional 131 shares in the last quarter. 37.94% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Down 2.5 %

Shares of GLD stock opened at $173.46 on Friday. The stock has a 50 day simple moving average of $171.77 and a two-hundred day simple moving average of $163.67. SPDR Gold Shares has a fifty-two week low of $150.57 and a fifty-two week high of $193.30.

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).

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