North Star Investment Management Corp. lowered its position in SPDR Gold Shares (NYSEARCA:GLD) by 21.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,663 shares of the exchange traded fund’s stock after selling 730 shares during the quarter. North Star Investment Management Corp.’s holdings in SPDR Gold Shares were worth $300,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Trust Department MB Financial Bank N A purchased a new stake in shares of SPDR Gold Shares in the second quarter valued at about $100,000. Fortis Advisors LLC grew its holdings in shares of SPDR Gold Shares by 9,910.0% in the second quarter. Fortis Advisors LLC now owns 1,001 shares of the exchange traded fund’s stock valued at $119,000 after purchasing an additional 991 shares during the period. American National Bank purchased a new stake in shares of SPDR Gold Shares in the second quarter valued at about $119,000. Landaas & Co. WI ADV purchased a new position in SPDR Gold Shares during the second quarter worth about $122,000. Finally, Asset Dedication LLC purchased a new position in SPDR Gold Shares during the second quarter worth about $122,000.

Shares of GLD stock opened at $115.23 on Friday. SPDR Gold Shares has a 1-year low of $111.06 and a 1-year high of $129.51.

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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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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