Marco Investment Management LLC Trims Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Marco Investment Management LLC trimmed its stake in SPDR Gold Shares (NYSEARCA:GLD) by 0.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 46,342 shares of the exchange traded fund’s stock after selling 273 shares during the period. Marco Investment Management LLC’s holdings in SPDR Gold Shares were worth $11,221,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in GLD. Clarus Group Inc. increased its stake in SPDR Gold Shares by 2.2% during the 4th 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 holdings in shares of SPDR Gold Shares by 3.6% in the 4th quarter. Kellett Wealth Advisors LLC now owns 1,160 shares of the exchange traded fund’s stock valued at $281,000 after buying an additional 40 shares in the last quarter. Magnus Financial Group LLC boosted its holdings in shares of SPDR Gold Shares by 0.6% in the 4th quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock valued at $1,780,000 after buying an additional 41 shares in the last quarter. Pittenger & Anderson Inc. boosted its stake in SPDR Gold Shares by 25.9% during the 4th quarter. Pittenger & Anderson Inc. now owns 199 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 41 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in SPDR Gold Shares by 2.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,533 shares of the exchange traded fund’s stock worth $369,000 after purchasing an additional 41 shares during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD opened at $268.25 on Friday. The stock has a market cap of $80.64 billion, a P/E ratio of -28.59 and a beta of 0.20. SPDR Gold Shares has a 1-year low of $198.91 and a 1-year high of $272.32. The firm has a fifty day moving average price of $257.70 and a 200 day moving average price of $247.79.

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).