New Century Financial Group LLC Sells 664 Shares of SPDR Gold Shares (NYSEARCA:GLD)

New Century Financial Group LLC cut its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 21.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,477 shares of the exchange traded fund’s stock after selling 664 shares during the period. New Century Financial Group LLC’s holdings in SPDR Gold Shares were worth $714,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp bought a new position in shares of SPDR Gold Shares in the 4th quarter worth about $26,000. Roxbury Financial LLC bought a new stake in SPDR Gold Shares in the 4th quarter valued at about $31,000. PayPay Securities Corp increased its position 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. Compass Planning Associates Inc bought a new stake in SPDR Gold Shares in the 4th quarter valued at about $39,000. Finally, Pittenger & Anderson Inc. increased its position 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 valued at $48,000 after buying an additional 41 shares in the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock opened at $316.29 on Friday. SPDR Gold Shares has a one year low of $212.12 and a one year high of $317.63. The firm has a market capitalization of $103.43 billion, a price-to-earnings ratio of -32.43 and a beta of 0.11. The business has a 50-day simple moving average of $303.57 and a 200 day simple moving average of $274.67.

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).