SPDR Gold Shares (NYSEARCA:GLD) is Fox Hill Wealth Management’s 8th Largest Position

Fox Hill Wealth Management decreased its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 1.6% in the 4th quarter, Holdings Channel reports. The firm owned 17,846 shares of the exchange traded fund’s stock after selling 297 shares during the period. SPDR Gold Shares accounts for about 2.4% of Fox Hill Wealth Management’s investment portfolio, making the stock its 8th biggest holding. Fox Hill Wealth Management’s holdings in SPDR Gold Shares were worth $4,321,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of GLD. GSA Capital Partners LLP purchased a new stake in SPDR Gold Shares in the 3rd quarter valued at $564,000. CIBC Asset Management Inc raised its position in SPDR Gold Shares by 39.8% during the 3rd quarter. CIBC Asset Management Inc now owns 3,986 shares of the exchange traded fund’s stock worth $969,000 after buying an additional 1,134 shares during the last quarter. Thrivent Financial for Lutherans raised its position in SPDR Gold Shares by 6.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 81,301 shares of the exchange traded fund’s stock worth $19,762,000 after buying an additional 5,111 shares during the last quarter. Quest Partners LLC purchased a new position in SPDR Gold Shares during the 3rd quarter worth $1,215,000. Finally, Strengthening Families & Communities LLC raised its position in SPDR Gold Shares by 13.8% during the 3rd quarter. Strengthening Families & Communities LLC now owns 1,440 shares of the exchange traded fund’s stock worth $350,000 after buying an additional 175 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of SPDR Gold Shares stock opened at $279.96 on Wednesday. The company has a market cap of $84.16 billion, a P/E ratio of -29.30 and a beta of 0.20. SPDR Gold Shares has a one year low of $198.94 and a one year high of $280.22. The firm has a fifty day moving average of $262.46 and a two-hundred day moving average of $250.30.

About SPDR Gold Shares

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).