Conservest Capital Advisors Inc. Reduces Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Conservest Capital Advisors Inc. trimmed its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 8.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,797 shares of the exchange traded fund’s stock after selling 2,720 shares during the quarter. SPDR Gold Shares accounts for approximately 0.7% of Conservest Capital Advisors Inc.’s investment portfolio, making the stock its 22nd largest position. Conservest Capital Advisors Inc.’s holdings in SPDR Gold Shares were worth $6,973,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Clarus Group Inc. boosted its stake in SPDR Gold Shares by 2.2% during the fourth quarter. Clarus Group Inc. now owns 1,825 shares of the exchange traded fund’s stock worth $442,000 after buying an additional 40 shares during the period. Kellett Wealth Advisors LLC boosted its stake in shares of SPDR Gold Shares by 3.6% during 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. Magnus Financial Group LLC boosted its stake in shares of SPDR Gold Shares by 0.6% during the fourth quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock valued at $1,780,000 after purchasing an additional 41 shares during the period. Pittenger & Anderson Inc. boosted its stake in shares of SPDR Gold Shares by 25.9% during the fourth quarter. Pittenger & Anderson Inc. now owns 199 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 41 shares during the period. Finally, Gradient Capital Advisors LLC boosted its stake in shares of SPDR Gold Shares by 0.7% during the fourth quarter. Gradient Capital Advisors LLC now owns 5,743 shares of the exchange traded fund’s stock valued at $1,391,000 after purchasing an additional 42 shares during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Down 0.6 %

Shares of GLD opened at $263.27 on Friday. The firm has a market capitalization of $79.14 billion, a P/E ratio of -28.59 and a beta of 0.20. SPDR Gold Shares has a 12-month low of $189.23 and a 12-month high of $272.32. The firm has a fifty day moving average price of $255.57 and a 200-day moving average price of $246.68.

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).