SevenBridge Financial Group LLC reduced its position in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,827 shares of the exchange traded fund’s stock after selling 55 shares during the quarter. SevenBridge Financial Group LLC’s holdings in SPDR Gold Shares were worth $2,093,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the business. Murphy & Mullick Capital Management Corp acquired a new position in SPDR Gold Shares in the fourth quarter valued at $26,000. Roxbury Financial LLC acquired a new position in SPDR Gold Shares in the 4th quarter valued at about $31,000. PayPay Securities Corp raised its stake in SPDR Gold Shares by 55.3% during the 4th quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 47 shares during the last quarter. Keystone Financial Group Inc. purchased a new stake in SPDR Gold Shares during the 4th quarter valued at approximately $39,000. Finally, Compass Planning Associates Inc acquired a new stake in SPDR Gold Shares during the 4th quarter worth approximately $39,000. 42.19% of the stock is owned by institutional investors and hedge funds.
SPDR Gold Shares Trading Down 0.2 %
Shares of GLD stock opened at $287.57 on Wednesday. The company has a market capitalization of $86.44 billion, a P/E ratio of -30.67 and a beta of 0.17. The business’s 50 day moving average is $269.11 and its two-hundred day moving average is $253.75. SPDR Gold Shares has a twelve month low of $208.36 and a twelve month high of $289.13.
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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