Intellectus Partners LLC Sells 1,780 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Intellectus Partners LLC lessened its stake in SPDR Gold Shares (NYSEARCA:GLD) by 9.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,280 shares of the exchange traded fund’s stock after selling 1,780 shares during the quarter. SPDR Gold Shares comprises about 0.9% of Intellectus Partners LLC’s investment portfolio, making the stock its 21st largest holding. Intellectus Partners LLC’s holdings in SPDR Gold Shares were worth $4,184,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC boosted its stake in SPDR Gold Shares by 24,245.2% during the 4th quarter. Proficio Capital Partners LLC now owns 60,753,703 shares of the exchange traded fund’s stock worth $14,710,294,000 after acquiring an additional 60,504,152 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in SPDR Gold Shares in the fourth quarter worth $450,109,000. Strategic Financial Concepts LLC boosted its position in shares of SPDR Gold Shares by 24,600.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 608,876 shares of the exchange traded fund’s stock worth $147,427,000 after purchasing an additional 606,411 shares in the last quarter. Diversify Advisory Services LLC boosted its position in shares of SPDR Gold Shares by 446.0% during the fourth quarter. Diversify Advisory Services LLC now owns 239,355 shares of the exchange traded fund’s stock worth $59,410,000 after purchasing an additional 195,520 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of SPDR Gold Shares by 47.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 454,153 shares of the exchange traded fund’s stock valued at $110,386,000 after buying an additional 146,271 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.1 %

GLD stock opened at $268.39 on Friday. SPDR Gold Shares has a 1-year low of $198.94 and a 1-year high of $272.32. The firm has a market cap of $80.68 billion, a PE ratio of -28.59 and a beta of 0.20. The business’s 50-day moving average price is $258.24 and its two-hundred day moving average price is $248.05.

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).