SPDR Gold Shares $GLD Shares Sold by Hibernia Wealth Partners LLC

Hibernia Wealth Partners LLC lowered its holdings in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 49.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 16,119 shares of the exchange traded fund’s stock after selling 15,512 shares during the period. SPDR Gold Shares accounts for approximately 3.7% of Hibernia Wealth Partners LLC’s holdings, making the stock its 8th largest position. Hibernia Wealth Partners LLC’s holdings in SPDR Gold Shares were worth $5,739,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of GLD. Intellus Advisors LLC raised its stake in SPDR Gold Shares by 10.4% in the third quarter. Intellus Advisors LLC now owns 2,489 shares of the exchange traded fund’s stock valued at $885,000 after buying an additional 235 shares during the period. Legacy Capital Group California Inc. boosted its stake in shares of SPDR Gold Shares by 20.7% during the 3rd quarter. Legacy Capital Group California Inc. now owns 2,785 shares of the exchange traded fund’s stock worth $990,000 after acquiring an additional 477 shares during the period. Modern Wealth Management LLC boosted its stake in shares of SPDR Gold Shares by 2.0% during the 3rd quarter. Modern Wealth Management LLC now owns 17,445 shares of the exchange traded fund’s stock worth $6,201,000 after acquiring an additional 343 shares during the period. Carmel Capital Management L.L.C. increased its holdings in shares of SPDR Gold Shares by 17.3% during the 3rd quarter. Carmel Capital Management L.L.C. now owns 1,120 shares of the exchange traded fund’s stock worth $398,000 after acquiring an additional 165 shares during the last quarter. Finally, Entrewealth LLC raised its stake in SPDR Gold Shares by 280.2% in the 3rd quarter. Entrewealth LLC now owns 3,011 shares of the exchange traded fund’s stock valued at $1,070,000 after acquiring an additional 2,219 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock opened at $473.51 on Friday. The business has a fifty day simple moving average of $446.99 and a two-hundred day simple moving average of $393.19. SPDR Gold Shares has a 1 year low of $265.64 and a 1 year high of $509.70. The company has a market capitalization of $179.98 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09.

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SPDR Gold Shares Company Profile

(Free Report)

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). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.

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

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