Smithfield Trust Co Trims Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Smithfield Trust Co reduced its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 14.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,879 shares of the exchange traded fund’s stock after selling 314 shares during the period. Smithfield Trust Co’s holdings in SPDR Gold Shares were worth $455,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Proficio Capital Partners LLC boosted its position in SPDR Gold Shares by 24,245.2% in the 4th quarter. Proficio Capital Partners LLC now owns 60,753,703 shares of the exchange traded fund’s stock valued at $14,710,294,000 after buying an additional 60,504,152 shares during the period. Strategic Financial Concepts LLC increased its holdings in SPDR Gold Shares by 24,600.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 608,876 shares of the exchange traded fund’s stock worth $147,427,000 after purchasing an additional 606,411 shares during the period. Diversify Advisory Services LLC increased its holdings in SPDR Gold Shares by 446.0% during the 4th quarter. Diversify Advisory Services LLC now owns 239,355 shares of the exchange traded fund’s stock worth $59,410,000 after purchasing an additional 195,520 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings in SPDR Gold Shares by 47.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 454,153 shares of the exchange traded fund’s stock worth $110,386,000 after purchasing an additional 146,271 shares during the period. Finally, Banco Santander S.A. increased its holdings in SPDR Gold Shares by 245.1% during the 3rd quarter. Banco Santander S.A. now owns 160,721 shares of the exchange traded fund’s stock worth $39,065,000 after purchasing an additional 114,151 shares during the period. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 0.2 %

Shares of SPDR Gold Shares stock opened at $269.62 on Thursday. SPDR Gold Shares has a 52-week low of $197.44 and a 52-week high of $272.32. The company has a 50 day moving average of $257.20 and a 200 day moving average of $247.65. The company has a market capitalization of $81.05 billion, a P/E ratio of -28.59 and a beta of 0.20.

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).