Dorsey Wright & Associates Reduces Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Dorsey Wright & Associates reduced its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,722 shares of the exchange traded fund’s stock after selling 110 shares during the period. Dorsey Wright & Associates’ holdings in SPDR Gold Shares were worth $2,354,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. SCP Investment LP purchased a new stake in shares of SPDR Gold Shares in the 4th quarter worth $242,000. RWA Wealth Partners LLC increased its position in SPDR Gold Shares by 10.2% in the fourth quarter. RWA Wealth Partners LLC now owns 6,691 shares of the exchange traded fund’s stock worth $1,620,000 after buying an additional 621 shares in the last quarter. Rock Creek Group LP raised its stake in shares of SPDR Gold Shares by 2.7% in the fourth quarter. Rock Creek Group LP now owns 229,865 shares of the exchange traded fund’s stock worth $55,657,000 after buying an additional 6,019 shares during the period. Tucker Asset Management LLC lifted its position in shares of SPDR Gold Shares by 12.9% during the 4th quarter. Tucker Asset Management LLC now owns 2,563 shares of the exchange traded fund’s stock valued at $621,000 after buying an additional 292 shares in the last quarter. Finally, Maridea Wealth Management LLC bought a new position in shares of SPDR Gold Shares during the 4th quarter valued at approximately $5,665,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Trading Up 0.7 %

NYSEARCA GLD opened at $284.06 on Friday. SPDR Gold Shares has a 12 month low of $206.29 and a 12 month high of $284.64. The stock has a market cap of $85.39 billion, a price-to-earnings ratio of -29.30 and a beta of 0.20. The company’s 50 day moving average is $267.64 and its two-hundred day moving average is $252.90.

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).