Driehaus Capital Management LLC Sells 913 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Driehaus Capital Management LLC reduced its position in SPDR Gold Shares (NYSEARCA:GLD) by 23.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,056 shares of the exchange traded fund’s stock after selling 913 shares during the quarter. Driehaus Capital Management LLC’s holdings in SPDR Gold Shares were worth $740,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in GLD. Diligent Investors LLC lifted its holdings in SPDR Gold Shares by 67.3% during the fourth quarter. Diligent Investors LLC now owns 3,730 shares of the exchange traded fund’s stock worth $903,000 after buying an additional 1,500 shares during the period. EP Wealth Advisors LLC lifted its stake in shares of SPDR Gold Shares by 1.5% during the 4th quarter. EP Wealth Advisors LLC now owns 41,098 shares of the exchange traded fund’s stock worth $9,951,000 after purchasing an additional 607 shares during the last quarter. Colonial Trust Co SC boosted its position in SPDR Gold Shares by 11.2% during the fourth quarter. Colonial Trust Co SC now owns 4,566 shares of the exchange traded fund’s stock valued at $1,106,000 after purchasing an additional 460 shares in the last quarter. Capital Advantage Inc. purchased a new position in SPDR Gold Shares in the fourth quarter valued at about $506,000. Finally, Cetera Investment Advisers raised its holdings in SPDR Gold Shares by 4.6% in the fourth quarter. Cetera Investment Advisers now owns 714,291 shares of the exchange traded fund’s stock worth $172,951,000 after purchasing an additional 31,140 shares in the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $306.84 on Friday. The company’s 50-day simple moving average is $289.80 and its 200-day simple moving average is $264.82. SPDR Gold Shares has a fifty-two week low of $211.54 and a fifty-two week high of $317.63. The stock has a market capitalization of $92.24 billion, a P/E ratio of -32.58 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).