SPDR Gold Shares (NYSEARCA:GLD) Stock Position Lowered by Sequent Planning LLC

Sequent Planning LLC cut its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 76.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,706 shares of the exchange traded fund’s stock after selling 80,651 shares during the quarter. SPDR Gold Shares makes up approximately 2.2% of Sequent Planning LLC’s holdings, making the stock its 8th biggest holding. Sequent Planning LLC’s holdings in SPDR Gold Shares were worth $5,982,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Congress Wealth Management LLC DE increased its holdings in SPDR Gold Shares by 5.8% during the fourth quarter. Congress Wealth Management LLC DE now owns 21,441 shares of the exchange traded fund’s stock valued at $5,192,000 after buying an additional 1,181 shares during the period. Crowley Wealth Management Inc. purchased a new position in SPDR Gold Shares during the fourth quarter valued at approximately $564,000. Meridian Wealth Partners LLC increased its holdings in SPDR Gold Shares by 24.4% during the fourth quarter. Meridian Wealth Partners LLC now owns 2,552 shares of the exchange traded fund’s stock valued at $618,000 after buying an additional 501 shares during the period. Samalin Investment Counsel LLC increased its holdings in SPDR Gold Shares by 16.4% during the fourth quarter. Samalin Investment Counsel LLC now owns 3,905 shares of the exchange traded fund’s stock valued at $946,000 after buying an additional 549 shares during the period. Finally, Fortis Capital Management LLC increased its holdings in SPDR Gold Shares by 3.3% during the fourth quarter. Fortis Capital Management LLC now owns 33,450 shares of the exchange traded fund’s stock valued at $8,099,000 after buying an additional 1,075 shares during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Down 0.8 %

Shares of GLD stock opened at $278.49 on Monday. The company’s 50 day moving average is $264.47 and its 200 day moving average is $251.35. SPDR Gold Shares has a 52-week low of $200.97 and a 52-week high of $281.48. The firm has a market cap of $83.71 billion, a price-to-earnings ratio of -29.30 and a beta of 0.20.

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).