Worth Financial Advisory Group LLC cut its holdings in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 22.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,159 shares of the exchange traded fund’s stock after selling 333 shares during the period. Worth Financial Advisory Group LLC’s holdings in SPDR Gold Shares were worth $281,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of GLD. Murphy & Mullick Capital Management Corp purchased a new stake in SPDR Gold Shares in the 4th quarter worth approximately $26,000. Roxbury Financial LLC bought a new position in shares of SPDR Gold Shares in the fourth quarter worth approximately $31,000. PayPay Securities Corp increased its stake in shares of SPDR Gold Shares by 55.3% in the fourth quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 47 shares in the last quarter. Compass Planning Associates Inc bought a new stake in shares of SPDR Gold Shares during the 4th quarter valued at $39,000. Finally, Keystone Financial Group Inc. purchased a new position in shares of SPDR Gold Shares during the 4th quarter valued at $39,000. Institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Stock Performance
Shares of SPDR Gold Shares stock opened at $278.24 on Thursday. SPDR Gold Shares has a fifty-two week low of $202.32 and a fifty-two week high of $281.48. The company has a market capitalization of $83.64 billion, a P/E ratio of -29.30 and a beta of 0.20. The company has a fifty day moving average of $266.32 and a 200 day moving average of $252.19.
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).
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