SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Cerity Partners OCIO LLC

Cerity Partners OCIO LLC decreased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 2.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 342,592 shares of the exchange traded fund’s stock after selling 8,267 shares during the quarter. SPDR Gold Shares comprises approximately 5.5% of Cerity Partners OCIO LLC’s portfolio, making the stock its 5th largest position. Cerity Partners OCIO LLC’s holdings in SPDR Gold Shares were worth $82,952,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. Polymer Capital Management HK LTD boosted its holdings in SPDR Gold Shares by 21.7% in the 4th quarter. Polymer Capital Management HK LTD now owns 16,100 shares of the exchange traded fund’s stock worth $3,898,000 after acquiring an additional 2,868 shares during the period. Sepio Capital LP increased its stake in SPDR Gold Shares by 0.5% during the 4th quarter. Sepio Capital LP now owns 16,975 shares of the exchange traded fund’s stock worth $4,110,000 after buying an additional 79 shares during the period. Waterloo Capital L.P. purchased a new position in SPDR Gold Shares in the 4th quarter valued at about $886,000. Peapack Gladstone Financial Corp increased its position in shares of SPDR Gold Shares by 0.3% during the fourth quarter. Peapack Gladstone Financial Corp now owns 78,773 shares of the exchange traded fund’s stock worth $19,074,000 after acquiring an additional 225 shares during the last quarter. Finally, Cascades Capital Asset Management LLC acquired a new position in shares of SPDR Gold Shares in the fourth quarter worth about $218,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $279.72 on Friday. SPDR Gold Shares has a one year low of $210.71 and a one year high of $289.13. The stock has a 50-day moving average price of $270.91 and a 200 day moving average price of $254.62. The company has a market capitalization of $84.08 billion, a P/E ratio of -30.67 and a beta of 0.17.

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).