Seaview Investment Managers LLC Lowers Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Seaview Investment Managers LLC lowered its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 71.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 6,594 shares of the exchange traded fund’s stock after selling 16,705 shares during the period. Seaview Investment Managers LLC’s holdings in SPDR Gold Shares were worth $1,597,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp purchased a new stake in SPDR Gold Shares during the 4th quarter valued at approximately $26,000. Roxbury Financial LLC bought a new position in shares of SPDR Gold Shares during the fourth quarter worth $31,000. PayPay Securities Corp boosted its position in shares of SPDR Gold Shares by 55.3% during the fourth quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 47 shares during the last quarter. Compass Planning Associates Inc purchased a new position in SPDR Gold Shares during the fourth quarter valued at $39,000. Finally, Keystone Financial Group Inc. bought a new stake in SPDR Gold Shares in the 4th quarter valued at $39,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.4 %

Shares of SPDR Gold Shares stock opened at $306.12 on Friday. The firm has a market cap of $92.02 billion, a price-to-earnings ratio of -30.67 and a beta of 0.17. SPDR Gold Shares has a twelve month low of $210.71 and a twelve month high of $308.06. The business has a 50-day moving average price of $278.32 and a 200-day moving average price of $258.56.

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).