Retirement Planning Group LLC Reduces Stake in SPDR Gold Shares (NYSEARCA:GLD)

Retirement Planning Group LLC cut its stake in SPDR Gold Shares (NYSEARCA:GLD) by 2.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,915 shares of the exchange traded fund’s stock after selling 429 shares during the period. Retirement Planning Group LLC’s holdings in SPDR Gold Shares were worth $4,298,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in GLD. Tallon Kerry Patrick purchased a new position in SPDR Gold Shares during the 4th quarter worth $547,000. Ironwood Wealth Management LLC. raised its position in SPDR Gold Shares by 8.5% in the fourth quarter. Ironwood Wealth Management LLC. now owns 1,191 shares of the exchange traded fund’s stock worth $288,000 after acquiring an additional 93 shares in the last quarter. Brighton Jones LLC boosted its holdings in SPDR Gold Shares by 20.4% during the fourth quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock worth $2,723,000 after buying an additional 1,903 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of SPDR Gold Shares during the 4th quarter worth approximately $7,794,000. Finally, Golden State Equity Partners boosted its position in SPDR Gold Shares by 6.1% during the fourth quarter. Golden State Equity Partners now owns 962 shares of the exchange traded fund’s stock worth $233,000 after purchasing an additional 55 shares in the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 0.6%

NYSEARCA:GLD opened at $310.90 on Thursday. SPDR Gold Shares has a twelve month low of $211.54 and a twelve month high of $317.63. The company has a market capitalization of $101.66 billion, a P/E ratio of -32.43 and a beta of 0.11. The firm has a 50-day moving average price of $299.86 and a two-hundred day moving average price of $271.54.

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).