Operose Advisors LLC Lowers Stake in SPDR Gold Shares (NYSEARCA:GLD)

Operose Advisors LLC decreased its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 57.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 520 shares of the exchange traded fund’s stock after selling 703 shares during the quarter. Operose Advisors LLC’s holdings in SPDR Gold Shares were worth $126,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Clarus Group Inc. lifted its position in shares of SPDR Gold Shares by 2.2% during the 4th quarter. Clarus Group Inc. now owns 1,825 shares of the exchange traded fund’s stock valued at $442,000 after buying an additional 40 shares in the last quarter. Kellett Wealth Advisors LLC grew its position in shares of SPDR Gold Shares by 3.6% in the fourth quarter. Kellett Wealth Advisors LLC now owns 1,160 shares of the exchange traded fund’s stock valued at $281,000 after purchasing an additional 40 shares during the period. Wealth Advisors of Iowa LLC increased its stake in shares of SPDR Gold Shares by 3.9% during the fourth quarter. Wealth Advisors of Iowa LLC now owns 1,070 shares of the exchange traded fund’s stock worth $259,000 after purchasing an additional 40 shares in the last quarter. Magnus Financial Group LLC raised its position in shares of SPDR Gold Shares by 0.6% during the 4th quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock worth $1,780,000 after purchasing an additional 41 shares during the last quarter. Finally, Pittenger & Anderson Inc. lifted its stake in SPDR Gold Shares by 25.9% in the 4th quarter. Pittenger & Anderson Inc. now owns 199 shares of the exchange traded fund’s stock valued at $48,000 after buying an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.6 %

NYSEARCA:GLD opened at $296.23 on Tuesday. The firm has a market cap of $89.05 billion, a P/E ratio of -30.67 and a beta of 0.17. The stock has a 50 day moving average of $275.23 and a two-hundred day moving average of $256.99. SPDR Gold Shares has a 12 month low of $210.71 and a 12 month high of $299.28.

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).