Sequent Planning LLC Has $5.98 Million Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Sequent Planning LLC decreased its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 76.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,706 shares of the exchange traded fund’s stock after selling 80,651 shares during the period. SPDR Gold Shares accounts for approximately 2.2% of Sequent Planning LLC’s holdings, making the stock its 8th biggest holding. Sequent Planning LLC’s holdings in SPDR Gold Shares were worth $5,982,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in GLD. Clarus Group Inc. lifted its stake in SPDR Gold Shares by 2.2% in the fourth quarter. Clarus Group Inc. now owns 1,825 shares of the exchange traded fund’s stock worth $442,000 after purchasing an additional 40 shares during the last quarter. Kellett Wealth Advisors LLC lifted its stake in SPDR Gold Shares by 3.6% in the fourth quarter. Kellett Wealth Advisors LLC now owns 1,160 shares of the exchange traded fund’s stock worth $281,000 after purchasing an additional 40 shares during the last quarter. Wealth Advisors of Iowa LLC lifted its stake in SPDR Gold Shares by 3.9% in the fourth quarter. Wealth Advisors of Iowa LLC now owns 1,070 shares of the exchange traded fund’s stock worth $259,000 after purchasing an additional 40 shares during the last quarter. Magnus Financial Group LLC lifted its stake in SPDR Gold Shares by 0.6% in the fourth quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock worth $1,780,000 after purchasing an additional 41 shares during the last quarter. Finally, Pittenger & Anderson Inc. lifted its stake in SPDR Gold Shares by 25.9% in the fourth quarter. Pittenger & Anderson Inc. now owns 199 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 41 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD opened at $278.49 on Monday. The company has a market cap of $83.71 billion, a P/E ratio of -29.30 and a beta of 0.20. SPDR Gold Shares has a 1 year low of $200.97 and a 1 year high of $281.48. The firm has a 50-day simple moving average of $264.47 and a two-hundred day simple moving average of $251.35.

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).