ExodusPoint Capital Management LP Has $8.24 Million Stake in SPDR Gold Shares (NYSEARCA:GLD)

ExodusPoint Capital Management LP reduced its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 65.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,033 shares of the exchange traded fund’s stock after selling 64,667 shares during the quarter. ExodusPoint Capital Management LP’s holdings in SPDR Gold Shares were worth $8,240,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of GLD. Murphy & Mullick Capital Management Corp purchased a new position in SPDR Gold Shares during the fourth quarter valued at approximately $26,000. Roxbury Financial LLC acquired a new stake in shares of SPDR Gold Shares during the 4th quarter valued at $31,000. PayPay Securities Corp grew its holdings in shares of SPDR Gold Shares by 55.3% during the 4th quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 47 shares in the last quarter. Keystone Financial Group Inc. acquired a new position in shares of SPDR Gold Shares in the fourth quarter worth $39,000. Finally, Compass Planning Associates Inc purchased a new stake in shares of SPDR Gold Shares during the fourth quarter worth $39,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD opened at $279.72 on Friday. SPDR Gold Shares has a one year low of $210.71 and a one year high of $289.13. The business’s 50-day moving average price is $270.91 and its two-hundred day moving average price is $254.50. The company has a market capitalization of $84.08 billion, a P/E ratio of -30.67 and a beta of 0.17.

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).