JPMorgan Chase & Co. Sells 3,920,854 Shares of SPDR Gold Shares (NYSEARCA:GLD)

JPMorgan Chase & Co. lowered its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 78.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,062,819 shares of the exchange traded fund’s stock after selling 3,920,854 shares during the period. JPMorgan Chase & Co. owned approximately 0.35% of SPDR Gold Shares worth $257,340,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in SPDR Gold Shares by 24.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 94,367 shares of the exchange traded fund’s stock valued at $22,937,000 after buying an additional 18,828 shares during the last quarter. Verition Fund Management LLC increased its position in SPDR Gold Shares by 104.1% during the third quarter. Verition Fund Management LLC now owns 2,570 shares of the exchange traded fund’s stock valued at $625,000 after acquiring an additional 64,965 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in SPDR Gold Shares in the third quarter worth about $1,853,000. Tradition Wealth Management LLC grew its stake in shares of SPDR Gold Shares by 1.9% during the 3rd quarter. Tradition Wealth Management LLC now owns 3,675 shares of the exchange traded fund’s stock valued at $893,000 after purchasing an additional 69 shares during the period. Finally, Semmax Financial Advisors Inc. increased its position in shares of SPDR Gold Shares by 133.9% during the 3rd quarter. Semmax Financial Advisors Inc. now owns 255 shares of the exchange traded fund’s stock valued at $61,000 after purchasing an additional 146 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.7 %

GLD opened at $284.06 on Monday. The company’s 50 day moving average is $267.64 and its 200 day moving average is $253.04. The company has a market cap of $85.39 billion, a price-to-earnings ratio of -29.30 and a beta of 0.20. SPDR Gold Shares has a 12-month low of $206.29 and a 12-month high of $288.32.

SPDR Gold Shares Profile

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).