SPDR Gold Shares (NYSEARCA:GLD) Stock Position Reduced by WT Wealth Management

WT Wealth Management cut its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 26.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,415 shares of the exchange traded fund’s stock after selling 887 shares during the period. WT Wealth Management’s holdings in SPDR Gold Shares were worth $585,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Central Asset Investments & Management Holdings HK Ltd purchased a new position in SPDR Gold Shares during the fourth quarter valued at approximately $270,000. Apriem Advisors grew its position in SPDR Gold Shares by 2.2% in the fourth quarter. Apriem Advisors now owns 2,000 shares of the exchange traded fund’s stock worth $484,000 after acquiring an additional 44 shares in the last quarter. GenTrust LLC grew its position in SPDR Gold Shares by 7.5% in the fourth quarter. GenTrust LLC now owns 51,079 shares of the exchange traded fund’s stock worth $12,368,000 after acquiring an additional 3,583 shares in the last quarter. Heritage Investors Management Corp grew its position in SPDR Gold Shares by 27.2% in the fourth quarter. Heritage Investors Management Corp now owns 3,150 shares of the exchange traded fund’s stock worth $763,000 after acquiring an additional 674 shares in the last quarter. Finally, Simmons Bank bought a new stake in SPDR Gold Shares in the fourth quarter worth approximately $234,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 0.2 %

GLD stock opened at $269.03 on Thursday. The company has a market capitalization of $80.87 billion, a price-to-earnings ratio of -28.59 and a beta of 0.20. SPDR Gold Shares has a 12 month low of $187.88 and a 12 month high of $272.32. The firm has a 50 day moving average of $254.64 and a two-hundred day moving average of $246.31.

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).