Spectrum Wealth Counsel LLC Cuts Stake in SPDR Gold Shares (NYSEARCA:GLD)

Spectrum Wealth Counsel LLC decreased its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 44.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 615 shares of the exchange traded fund’s stock after selling 500 shares during the period. Spectrum Wealth Counsel LLC’s holdings in SPDR Gold Shares were worth $149,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Clarus Group Inc. boosted its stake in shares of SPDR Gold Shares by 2.2% in the 4th quarter. Clarus Group Inc. now owns 1,825 shares of the exchange traded fund’s stock valued at $442,000 after purchasing an additional 40 shares in the last quarter. Kellett Wealth Advisors LLC boosted its position in SPDR Gold Shares by 3.6% during the 4th quarter. Kellett Wealth Advisors LLC now owns 1,160 shares of the exchange traded fund’s stock valued at $281,000 after buying an additional 40 shares during the period. Magnus Financial Group LLC boosted its position in SPDR Gold Shares by 0.6% during the 4th quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock valued at $1,780,000 after buying an additional 41 shares during the period. Pittenger & Anderson Inc. boosted its position in SPDR Gold Shares by 25.9% during the 4th quarter. Pittenger & Anderson Inc. now owns 199 shares of the exchange traded fund’s stock valued at $48,000 after buying an additional 41 shares during the period. Finally, Gradient Capital Advisors LLC boosted its position in SPDR Gold Shares by 0.7% during the 4th quarter. Gradient Capital Advisors LLC now owns 5,743 shares of the exchange traded fund’s stock valued at $1,391,000 after buying an additional 42 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.6 %

Shares of GLD opened at $263.27 on Friday. The stock has a market capitalization of $79.14 billion, a P/E ratio of -28.59 and a beta of 0.20. The firm has a fifty day simple moving average of $255.57 and a two-hundred day simple moving average of $246.68. SPDR Gold Shares has a twelve month low of $189.23 and a twelve month high of $272.32.

SPDR Gold Shares 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).