Primoris Wealth Advisors LLC Sells 14,462 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Primoris Wealth Advisors LLC cut its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 89.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,713 shares of the exchange traded fund’s stock after selling 14,462 shares during the period. Primoris Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $415,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of GLD. BTG Pactual Asset Management US LLC grew its position in SPDR Gold Shares by 24.5% during the 4th quarter. BTG Pactual Asset Management US LLC now owns 31,903 shares of the exchange traded fund’s stock worth $7,751,000 after acquiring an additional 6,274 shares during the last quarter. Advisors Capital Management LLC boosted its position in SPDR Gold Shares by 6.2% during the 4th quarter. Advisors Capital Management LLC now owns 3,406 shares of the exchange traded fund’s stock worth $825,000 after buying an additional 199 shares during the period. Seeds Investor LLC acquired a new position in SPDR Gold Shares in the 4th quarter valued at approximately $222,000. TCM Advisors LLC lifted its holdings in shares of SPDR Gold Shares by 2.6% during the fourth quarter. TCM Advisors LLC now owns 31,200 shares of the exchange traded fund’s stock worth $7,554,000 after purchasing an additional 800 shares during the period. Finally, Sagespring Wealth Partners LLC bought a new stake in shares of SPDR Gold Shares in the fourth quarter worth $339,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

Shares of GLD opened at $297.93 on Friday. The business has a 50-day moving average of $274.59 and a 200-day moving average of $256.56. The company has a market capitalization of $89.56 billion, a price-to-earnings ratio of -30.67 and a beta of 0.17. SPDR Gold Shares has a 1 year low of $210.71 and a 1 year high of $299.28.

SPDR Gold Shares Company 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).