Family Management Corp Lowers Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Family Management Corp cut its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 33.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,471 shares of the exchange traded fund’s stock after selling 1,239 shares during the quarter. Family Management Corp’s holdings in SPDR Gold Shares were worth $598,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in GLD. Clarus Group Inc. raised its position in SPDR Gold Shares by 2.2% during the fourth quarter. Clarus Group Inc. now owns 1,825 shares of the exchange traded fund’s stock worth $442,000 after acquiring an additional 40 shares during the period. Kellett Wealth Advisors LLC raised its position in shares of SPDR Gold Shares by 3.6% during the 4th quarter. Kellett Wealth Advisors LLC now owns 1,160 shares of the exchange traded fund’s stock worth $281,000 after purchasing an additional 40 shares during the last quarter. Wealth Advisors of Iowa LLC lifted its stake in SPDR Gold Shares by 3.9% in the 4th quarter. Wealth Advisors of Iowa LLC now owns 1,070 shares of the exchange traded fund’s stock valued at $259,000 after buying an additional 40 shares in the last quarter. Magnus Financial Group LLC boosted its holdings in SPDR Gold Shares by 0.6% in the 4th quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock worth $1,780,000 after buying an additional 41 shares during the last quarter. Finally, Pittenger & Anderson Inc. boosted its holdings in SPDR Gold Shares by 25.9% in the 4th quarter. Pittenger & Anderson Inc. now owns 199 shares of the exchange traded fund’s stock worth $48,000 after buying an additional 41 shares during the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock opened at $310.75 on Thursday. The stock has a market capitalization of $93.41 billion, a P/E ratio of -32.58 and a beta of 0.17. The business has a 50 day simple moving average of $288.29 and a two-hundred day simple moving average of $263.99. SPDR Gold Shares has a 12 month low of $211.54 and a 12 month high of $317.63.

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).