Main Management LLC Sells 350 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Main Management LLC reduced its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 23.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,166 shares of the exchange traded fund’s stock after selling 350 shares during the quarter. Main Management LLC’s holdings in SPDR Gold Shares were worth $282,000 at the end of the most recent quarter.

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

SPDR Gold Shares Trading Up 0.4%

NYSEARCA:GLD opened at $299.46 on Wednesday. SPDR Gold Shares has a 1 year low of $211.54 and a 1 year high of $317.63. The stock has a 50-day moving average price of $291.00 and a two-hundred day moving average price of $265.46. The stock has a market cap of $90.02 billion, a price-to-earnings ratio of -32.43 and a beta of 0.12.

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).