Staley Capital Advisers Inc. Sells 1,063 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Staley Capital Advisers Inc. decreased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 190,789 shares of the exchange traded fund’s stock after selling 1,063 shares during the period. SPDR Gold Shares comprises approximately 2.1% of Staley Capital Advisers Inc.’s holdings, making the stock its 16th largest position. Staley Capital Advisers Inc. owned about 0.06% of SPDR Gold Shares worth $46,196,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Miller Financial Services LLC purchased a new position in shares of SPDR Gold Shares during the 4th quarter valued at about $1,217,000. Global View Capital Management LLC bought a new stake in SPDR Gold Shares during the 4th quarter worth approximately $756,000. Briaud Financial Planning Inc lifted its holdings in SPDR Gold Shares by 0.5% during the fourth quarter. Briaud Financial Planning Inc now owns 256,770 shares of the exchange traded fund’s stock valued at $62,171,000 after purchasing an additional 1,358 shares in the last quarter. Sage Mountain Advisors LLC boosted its position in shares of SPDR Gold Shares by 40.0% in the fourth quarter. Sage Mountain Advisors LLC now owns 2,101 shares of the exchange traded fund’s stock worth $509,000 after purchasing an additional 600 shares during the period. Finally, Parker Investment Management LLC boosted its position in shares of SPDR Gold Shares by 32.6% in the fourth quarter. Parker Investment Management LLC now owns 2,032 shares of the exchange traded fund’s stock worth $492,000 after purchasing an additional 500 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of GLD stock opened at $266.04 on Tuesday. SPDR Gold Shares has a one year low of $198.94 and a one year high of $272.32. The company’s fifty day moving average price is $258.75 and its 200-day moving average price is $248.53. The company has a market capitalization of $79.97 billion, a price-to-earnings ratio of -28.59 and a beta of 0.20.

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).