Smart Portfolios LLC Sells 64 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Smart Portfolios LLC reduced its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,766 shares of the exchange traded fund’s stock after selling 64 shares during the quarter. SPDR Gold Shares accounts for approximately 1.2% of Smart Portfolios LLC’s investment portfolio, making the stock its 26th biggest holding. Smart Portfolios LLC’s holdings in SPDR Gold Shares were worth $1,154,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of GLD. Ashton Thomas Securities LLC acquired a new position in shares of SPDR Gold Shares during the third quarter worth $28,000. Roxbury Financial LLC bought a new position in shares of SPDR Gold Shares during the fourth quarter worth about $31,000. PayPay Securities Corp raised its holdings in SPDR Gold Shares by 55.3% during the 4th quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 47 shares during the last quarter. Keystone Financial Group Inc. acquired a new position in SPDR Gold Shares in the fourth quarter valued at $39,000. Finally, Compass Planning Associates Inc bought a new stake in SPDR Gold Shares in the fourth quarter worth approximately $39,000. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Trading Up 1.2 %

GLD opened at $269.16 on Wednesday. SPDR Gold Shares has a 1-year low of $198.94 and a 1-year high of $272.32. The company has a market cap of $80.91 billion, a P/E ratio of -28.59 and a beta of 0.20. The company has a fifty day moving average price of $259.29 and a two-hundred day moving average price of $248.79.

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).