GM Advisory Group Inc. decreased its position in SPDR Gold Shares (NYSEARCA:GLD) by 6.6% in the first quarter, HoldingsChannel.com reports. The fund owned 115,198 shares of the exchange traded fund’s stock after selling 8,080 shares during the period. SPDR Gold Shares comprises approximately 4.6% of GM Advisory Group Inc.’s investment portfolio, making the stock its 7th biggest holding. GM Advisory Group Inc.’s holdings in SPDR Gold Shares were worth $17,055,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. ERTS Wealth Advisors LLC acquired a new stake in shares of SPDR Gold Shares during the 4th quarter valued at about $30,000. Key Financial Inc purchased a new stake in SPDR Gold Shares in the first quarter valued at approximately $48,000. Field & Main Bank grew its stake in shares of SPDR Gold Shares by 369.3% in the fourth quarter. Field & Main Bank now owns 352 shares of the exchange traded fund’s stock worth $50,000 after acquiring an additional 277 shares in the last quarter. American Research & Management Co. acquired a new position in shares of SPDR Gold Shares during the first quarter worth $50,000. Finally, West Bancorporation Inc. purchased a new stake in SPDR Gold Shares in the first quarter valued at $50,000.

NYSEARCA GLD traded down $2.89 during trading hours on Wednesday, hitting $159.71. 15,106,207 shares of the stock were exchanged, compared to its average volume of 13,541,858. The stock has a 50-day moving average of $161.55 and a 200 day moving average of $149.86. SPDR Gold Shares has a 12-month low of $123.90 and a 12-month high of $164.96.

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).

Read More: Quick Ratio

Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLD).

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

Receive News & Ratings for SPDR Gold Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Shares and related companies with MarketBeat.com's FREE daily email newsletter.