LGL Partners LLC Sells 200 Shares of SPDR Gold Shares (NYSEARCA:GLD)

LGL Partners LLC lowered its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 6.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,932 shares of the exchange traded fund’s stock after selling 200 shares during the quarter. LGL Partners LLC’s holdings in SPDR Gold Shares were worth $710,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Strategic Financial Concepts LLC raised its position in shares of SPDR Gold Shares by 24,600.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 608,876 shares of the exchange traded fund’s stock valued at $147,427,000 after buying an additional 606,411 shares during the last quarter. Diversify Advisory Services LLC grew its stake in SPDR Gold Shares by 446.0% during the fourth quarter. Diversify Advisory Services LLC now owns 239,355 shares of the exchange traded fund’s stock valued at $59,410,000 after acquiring an additional 195,520 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in SPDR Gold Shares by 47.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 454,153 shares of the exchange traded fund’s stock valued at $110,386,000 after acquiring an additional 146,271 shares during the last quarter. Banco Santander S.A. lifted its stake in SPDR Gold Shares by 245.1% in 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 in the last quarter. Finally, Stifel Financial Corp boosted its holdings in shares of SPDR Gold Shares by 13.9% during the 3rd quarter. Stifel Financial Corp now owns 822,531 shares of the exchange traded fund’s stock valued at $199,924,000 after purchasing an additional 100,149 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 1.3 %

Shares of SPDR Gold Shares stock opened at $268.62 on Wednesday. SPDR Gold Shares has a twelve month low of $187.53 and a twelve month high of $272.32. The business has a 50-day moving average price of $254.04 and a 200-day moving average price of $246.15. The firm has a market cap of $80.75 billion, a price-to-earnings ratio of -28.59 and a beta of 0.20.

SPDR Gold Shares 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).