MGO One Seven LLC Sells 4,212 Shares of SPDR Gold Shares (NYSEARCA:GLD)

MGO One Seven LLC decreased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 11.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 32,134 shares of the exchange traded fund’s stock after selling 4,212 shares during the quarter. MGO One Seven LLC’s holdings in SPDR Gold Shares were worth $7,781,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of GLD. Proficio Capital Partners LLC grew its stake in SPDR Gold Shares by 24,245.2% in the fourth 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. acquired a new stake in shares of SPDR Gold Shares in the 4th quarter valued at approximately $450,109,000. Wealthfront Advisers LLC grew its stake in shares of SPDR Gold Shares by 1,374.2% in the fourth quarter. Wealthfront Advisers LLC now owns 1,121,579 shares of the exchange traded fund’s stock valued at $271,568,000 after buying an additional 1,045,499 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in 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 worth $237,303,000 after buying an additional 32,712 shares during the last quarter. Finally, Stifel Financial Corp raised its position in SPDR Gold Shares by 0.9% during the fourth quarter. Stifel Financial Corp now owns 829,955 shares of the exchange traded fund’s stock worth $200,957,000 after acquiring an additional 7,424 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of GLD opened at $311.11 on Wednesday. The company has a market cap of $93.52 billion, a PE ratio of -32.58 and a beta of 0.17. The firm has a 50-day moving average of $280.09 and a 200-day moving average of $259.50. SPDR Gold Shares has a one year low of $210.71 and a one year 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).