SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Trek Financial LLC

Trek Financial LLC lowered its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 24.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,535 shares of the exchange traded fund’s stock after selling 4,594 shares during the period. Trek Financial LLC’s holdings in SPDR Gold Shares were worth $3,519,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Verition Fund Management LLC grew its stake 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 worth $625,000 after buying an additional 64,965 shares during the period. Chevy Chase Trust Holdings LLC boosted its holdings in SPDR Gold Shares by 72.7% in the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 6,106 shares of the exchange traded fund’s stock worth $1,484,000 after acquiring an additional 2,570 shares during the period. Janus Henderson Group PLC grew its position in SPDR Gold Shares by 1.8% in the third quarter. Janus Henderson Group PLC now owns 141,263 shares of the exchange traded fund’s stock valued at $34,335,000 after acquiring an additional 2,464 shares in the last quarter. Morse Asset Management Inc purchased a new stake in shares of SPDR Gold Shares during the third quarter valued at approximately $1,929,000. Finally, Quantinno Capital Management LP lifted its position in shares of SPDR Gold Shares by 39.6% during the third quarter. Quantinno Capital Management LP now owns 4,928 shares of the exchange traded fund’s stock worth $1,198,000 after purchasing an additional 1,398 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 2.3 %

Shares of GLD stock opened at $279.72 on Friday. SPDR Gold Shares has a twelve month low of $210.71 and a twelve month high of $289.13. The company has a market capitalization of $84.08 billion, a PE ratio of -30.67 and a beta of 0.17. The firm has a fifty day simple moving average of $270.91 and a 200-day simple moving average of $254.62.

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).