SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by IHT Wealth Management LLC

IHT Wealth Management LLC reduced its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 20.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,376 shares of the exchange traded fund’s stock after selling 14,465 shares during the quarter. IHT Wealth Management LLC’s holdings in SPDR Gold Shares were worth $13,650,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of GLD. Proficio Capital Partners LLC grew its holdings in SPDR Gold Shares by 24,245.2% during the 4th quarter. Proficio Capital Partners LLC now owns 60,753,703 shares of the exchange traded fund’s stock valued at $14,710,294,000 after purchasing an additional 60,504,152 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of SPDR Gold Shares during the fourth quarter valued at approximately $450,109,000. Wealthfront Advisers LLC boosted its stake in SPDR Gold Shares by 1,374.2% during the 4th quarter. Wealthfront Advisers LLC now owns 1,121,579 shares of the exchange traded fund’s stock valued at $271,568,000 after purchasing an additional 1,045,499 shares during the period. Commonwealth Equity Services LLC increased its holdings in shares of SPDR Gold Shares by 3.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 980,065 shares of the exchange traded fund’s stock valued at $237,303,000 after purchasing an additional 32,712 shares during the period. Finally, Stifel Financial Corp lifted its position in SPDR Gold Shares by 0.9% in the fourth quarter. Stifel Financial Corp now owns 829,955 shares of the exchange traded fund’s stock worth $200,957,000 after purchasing an additional 7,424 shares during the period. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD opened at $306.12 on Monday. The company has a 50 day moving average price of $278.32 and a 200 day moving average price of $258.65. The stock has a market capitalization of $92.02 billion, a price-to-earnings ratio of -32.58 and a beta of 0.17. SPDR Gold Shares has a 1-year low of $210.71 and a 1-year high of $313.24.

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).