Signature Estate & Investment Advisors LLC Has $1.16 Million Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Signature Estate & Investment Advisors LLC cut its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,793 shares of the exchange traded fund’s stock after selling 113 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in SPDR Gold Shares were worth $1,161,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. First American Trust FSB increased its stake in SPDR Gold Shares by 8.4% in the fourth quarter. First American Trust FSB now owns 3,732 shares of the exchange traded fund’s stock valued at $904,000 after purchasing an additional 288 shares in the last quarter. WorthPointe LLC boosted its position in shares of SPDR Gold Shares by 62.5% during the fourth quarter. WorthPointe LLC now owns 9,997 shares of the exchange traded fund’s stock worth $2,421,000 after purchasing an additional 3,846 shares in the last quarter. Modern Wealth Management LLC grew its holdings in shares of SPDR Gold Shares by 39.4% in the 4th quarter. Modern Wealth Management LLC now owns 9,301 shares of the exchange traded fund’s stock valued at $2,496,000 after buying an additional 2,631 shares during the period. Grantvest Financial Group LLC bought a new stake in shares of SPDR Gold Shares in the 4th quarter valued at $409,000. Finally, Lynx Investment Advisory raised its stake in SPDR Gold Shares by 10.4% during the 4th quarter. Lynx Investment Advisory now owns 17,735 shares of the exchange traded fund’s stock worth $4,294,000 after buying an additional 1,669 shares during the period. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Up 0.4 %

GLD stock opened at $278.47 on Wednesday. SPDR Gold Shares has a 1-year low of $201.07 and a 1-year high of $281.48. The firm has a market cap of $83.71 billion, a PE ratio of -29.30 and a beta of 0.20. The business’s 50-day moving average price is $265.73 and its two-hundred day moving average price is $252.00.

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).