HUB Investment Partners LLC Sells 1,076 Shares of SPDR Gold Shares (NYSEARCA:GLD)

HUB Investment Partners LLC cut its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 27.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,836 shares of the exchange traded fund’s stock after selling 1,076 shares during the period. HUB Investment Partners LLC’s holdings in SPDR Gold Shares were worth $687,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of GLD. Proficio Capital Partners LLC boosted its holdings in SPDR Gold Shares by 24,245.2% in the fourth quarter. Proficio Capital Partners LLC now owns 60,753,703 shares of the exchange traded fund’s stock worth $14,710,294,000 after purchasing an additional 60,504,152 shares in the last quarter. Raymond James Financial Inc. bought a new stake in SPDR Gold Shares in the fourth quarter worth $450,109,000. Wealthfront Advisers LLC boosted its holdings in SPDR Gold Shares by 1,374.2% in the fourth quarter. Wealthfront Advisers LLC now owns 1,121,579 shares of the exchange traded fund’s stock worth $271,568,000 after purchasing an additional 1,045,499 shares in the last quarter. Strategic Financial Concepts LLC boosted its holdings in SPDR Gold Shares by 24,600.9% in 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. Finally, Diversify Advisory Services LLC boosted its holdings in 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 valued at $59,410,000 after acquiring an additional 195,520 shares during the period. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

GLD stock opened at $280.75 on Friday. SPDR Gold Shares has a 52-week low of $199.72 and a 52-week high of $281.48. The company has a 50-day moving average of $263.87 and a two-hundred day moving average of $250.73. The stock has a market capitalization of $84.39 billion, a price-to-earnings ratio of -29.30 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).