SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by WealthNavi Inc.

WealthNavi Inc. decreased its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 5.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 982,798 shares of the exchange traded fund’s stock after selling 54,940 shares during the quarter. SPDR Gold Shares comprises about 2.8% of WealthNavi Inc.’s portfolio, making the stock its 7th biggest position. WealthNavi Inc. owned approximately 0.33% of SPDR Gold Shares worth $237,965,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Ashton Thomas Securities LLC purchased a new position in shares of SPDR Gold Shares in the 3rd quarter valued at about $28,000. Roxbury Financial LLC purchased a new position in shares of SPDR Gold Shares in the 4th quarter valued at about $31,000. PayPay Securities Corp increased its stake in shares of SPDR Gold Shares by 55.3% in the 4th quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 47 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of SPDR Gold Shares in the 3rd quarter valued at about $35,000. Finally, Pittenger & Anderson Inc. purchased a new position in shares of SPDR Gold Shares in the 3rd quarter valued at about $38,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.2 %

NYSEARCA:GLD opened at $269.62 on Thursday. SPDR Gold Shares has a 12 month low of $197.44 and a 12 month high of $272.32. The stock has a 50 day moving average of $257.20 and a two-hundred day moving average of $247.65. The firm has a market cap of $81.05 billion, a P/E ratio of -28.59 and a beta of 0.20.

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).