C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Trims Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lowered its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 70.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 1,696 shares of the exchange traded fund’s stock after selling 3,986 shares during the quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in SPDR Gold Shares were worth $411,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its holdings in shares of SPDR Gold Shares by 21,571.1% during the third quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock worth $735,169,000 after purchasing an additional 3,010,682 shares during the period. Strategic Financial Concepts LLC raised its position in SPDR Gold Shares by 24,600.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 608,876 shares of the exchange traded fund’s stock worth $147,427,000 after buying an additional 606,411 shares during the last quarter. Diversify Advisory Services LLC lifted its stake in SPDR Gold Shares by 446.0% during the 4th quarter. Diversify Advisory Services LLC now owns 239,355 shares of the exchange traded fund’s stock valued at $59,410,000 after acquiring an additional 195,520 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of SPDR Gold Shares by 47.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 454,153 shares of the exchange traded fund’s stock valued at $110,386,000 after acquiring an additional 146,271 shares during the last quarter. Finally, Banco Santander S.A. increased its stake in shares of SPDR Gold Shares by 245.1% in the third quarter. Banco Santander S.A. now owns 160,721 shares of the exchange traded fund’s stock worth $39,065,000 after acquiring an additional 114,151 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock opened at $270.85 on Thursday. The firm has a fifty day moving average price of $252.00 and a 200 day moving average price of $244.63. SPDR Gold Shares has a 1 year low of $187.05 and a 1 year high of $271.33.

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).