Cabot Wealth Management Inc. Decreases Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Cabot Wealth Management Inc. cut its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 17,797 shares of the exchange traded fund’s stock after selling 202 shares during the quarter. Cabot Wealth Management Inc.’s holdings in SPDR Gold Shares were worth $4,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new position in SPDR Gold Shares during the third quarter worth approximately $28,000. Roxbury Financial LLC acquired a new position in shares of SPDR Gold Shares during the 4th quarter worth approximately $31,000. PayPay Securities Corp grew its holdings in 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 in the last quarter. Capital Performance Advisors LLP purchased a new position in SPDR Gold Shares during the third quarter worth about $35,000. Finally, Pittenger & Anderson Inc. acquired a new position in SPDR Gold Shares in the third quarter valued at approximately $38,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.1 %

NYSEARCA GLD opened at $270.74 on Friday. The firm’s 50-day moving average is $253.00 and its two-hundred day moving average is $245.32. SPDR Gold Shares has a 12 month low of $187.05 and a 12 month high of $271.84.

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).