Bank Pictet & Cie Europe AG lowered its stake in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 12.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,007 shares of the exchange traded fund’s stock after selling 5,203 shares during the quarter. Bank Pictet & Cie Europe AG’s holdings in SPDR Gold Shares were worth $8,920,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new stake in SPDR Gold Shares in the 3rd quarter valued at about $28,000. PayPay Securities Corp raised its holdings in SPDR Gold Shares by 55.3% during the 4th quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 47 shares during the period. Capital Performance Advisors LLP acquired a new stake in SPDR Gold Shares during the 3rd quarter worth about $35,000. Pittenger & Anderson Inc. acquired a new stake in SPDR Gold Shares during the 3rd quarter worth about $38,000. Finally, Keystone Financial Group Inc. acquired a new stake in SPDR Gold Shares during the 4th quarter worth about $39,000. 42.19% of the stock is owned by institutional investors and hedge funds.
SPDR Gold Shares Stock Performance
NYSEARCA GLD opened at $266.29 on Friday. The stock’s 50-day moving average price is $250.28 and its two-hundred day moving average price is $243.26. SPDR Gold Shares has a 1 year low of $184.84 and a 1 year high of $270.39.
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).
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