SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Petra Financial Advisors Inc.

Petra Financial Advisors Inc. decreased its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 2.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 23,826 shares of the exchange traded fund’s stock after selling 661 shares during the period. SPDR Gold Shares makes up about 3.9% of Petra Financial Advisors Inc.’s portfolio, making the stock its 3rd biggest position. Petra Financial Advisors Inc.’s holdings in SPDR Gold Shares were worth $5,769,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of GLD. Axxcess Wealth Management LLC grew its position in SPDR Gold Shares by 2.5% during the 4th quarter. Axxcess Wealth Management LLC now owns 49,027 shares of the exchange traded fund’s stock worth $11,871,000 after acquiring an additional 1,176 shares during the last quarter. Flagship Wealth Advisors LLC acquired a new position in shares of SPDR Gold Shares in the 4th quarter valued at about $2,388,000. Cozad Asset Management Inc. lifted its stake in shares of SPDR Gold Shares by 1.7% in the 4th quarter. Cozad Asset Management Inc. now owns 4,371 shares of the exchange traded fund’s stock valued at $1,058,000 after purchasing an additional 72 shares during the period. Curio Wealth LLC acquired a new position in SPDR Gold Shares during the 4th quarter worth approximately $378,000. Finally, 1ST Source Bank raised its stake in SPDR Gold Shares by 11.4% during the 4th quarter. 1ST Source Bank now owns 11,906 shares of the exchange traded fund’s stock worth $2,883,000 after buying an additional 1,220 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD stock opened at $276.73 on Tuesday. The stock’s 50 day simple moving average is $261.76 and its 200 day simple moving average is $249.96. SPDR Gold Shares has a fifty-two week low of $198.94 and a fifty-two week high of $279.26. The company has a market cap of $83.19 billion, a P/E ratio of -29.30 and a beta of 0.20.

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).