Resolute Wealth Strategies LLC Trims Stake in SPDR Gold Shares (NYSEARCA:GLD)

Resolute Wealth Strategies LLC trimmed its stake in SPDR Gold Shares (NYSEARCA:GLD) by 48.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,781 shares of the exchange traded fund’s stock after selling 11,189 shares during the period. SPDR Gold Shares accounts for approximately 1.5% of Resolute Wealth Strategies LLC’s holdings, making the stock its 22nd largest position. Resolute Wealth Strategies LLC’s holdings in SPDR Gold Shares were worth $2,853,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Proficio Capital Partners LLC increased its stake in shares of SPDR Gold Shares by 24,245.2% in the 4th quarter. Proficio Capital Partners LLC now owns 60,753,703 shares of the exchange traded fund’s stock worth $14,710,294,000 after purchasing an additional 60,504,152 shares in the last quarter. Stifel Financial Corp increased its stake in SPDR Gold Shares by 13.9% in the 3rd quarter. Stifel Financial Corp now owns 822,531 shares of the exchange traded fund’s stock worth $199,924,000 after buying an additional 100,149 shares in the last quarter. State Street Corp increased its stake in SPDR Gold Shares by 6.6% in the 3rd quarter. State Street Corp now owns 764,315 shares of the exchange traded fund’s stock worth $185,774,000 after buying an additional 47,507 shares in the last quarter. US Bancorp DE increased its stake in SPDR Gold Shares by 0.5% in the 4th quarter. US Bancorp DE now owns 695,118 shares of the exchange traded fund’s stock worth $168,309,000 after buying an additional 3,470 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its stake in SPDR Gold Shares by 4.9% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 665,498 shares of the exchange traded fund’s stock worth $161,670,000 after buying an additional 30,952 shares in the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $266.74 on Tuesday. SPDR Gold Shares has a 52-week low of $193.88 and a 52-week high of $272.32. The firm has a market capitalization of $80.18 billion, a PE ratio of -28.59 and a beta of 0.20. The stock has a fifty day simple moving average of $256.08 and a two-hundred day simple moving average of $247.23.

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).