Lindbrook Capital LLC Decreases Stake in SPDR Gold Shares (NYSEARCA:GLD)

Lindbrook Capital LLC lowered its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 13.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,538 shares of the exchange traded fund’s stock after selling 678 shares during the quarter. Lindbrook Capital LLC’s holdings in SPDR Gold Shares were worth $1,099,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of GLD. Washington Trust Advisors Inc. boosted its position in SPDR Gold Shares by 213.0% during the 4th quarter. Washington Trust Advisors Inc. now owns 1,299 shares of the exchange traded fund’s stock valued at $315,000 after purchasing an additional 884 shares during the period. Menlo Advisors LLC boosted its holdings in shares of SPDR Gold Shares by 13.5% in the fourth quarter. Menlo Advisors LLC now owns 61,206 shares of the exchange traded fund’s stock valued at $14,819,000 after acquiring an additional 7,285 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of SPDR Gold Shares during the 4th quarter valued at $450,109,000. Promus Capital LLC acquired a new position in SPDR Gold Shares during the fourth quarter worth about $1,186,000. Finally, Vision Financial Markets LLC acquired a new position in shares of SPDR Gold Shares in the 4th quarter worth approximately $97,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

NYSEARCA GLD opened at $269.62 on Thursday. The stock has a market capitalization of $81.05 billion, a P/E ratio of -28.59 and a beta of 0.20. SPDR Gold Shares has a 1 year low of $197.44 and a 1 year high of $272.32. The business’s fifty day moving average is $257.20 and its two-hundred day moving average is $247.65.

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).