Cynosure Group LLC Sells 3,385 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Cynosure Group LLC cut its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 7.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 45,136 shares of the exchange traded fund’s stock after selling 3,385 shares during the quarter. SPDR Gold Shares accounts for approximately 1.6% of Cynosure Group LLC’s investment portfolio, making the stock its 14th largest position. Cynosure Group LLC’s holdings in SPDR Gold Shares were worth $10,929,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in SPDR Gold Shares by 24.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 94,367 shares of the exchange traded fund’s stock valued at $22,937,000 after acquiring an additional 18,828 shares during the period. Verition Fund Management LLC raised its holdings in SPDR Gold Shares by 104.1% in the third quarter. Verition Fund Management LLC now owns 2,570 shares of the exchange traded fund’s stock worth $625,000 after purchasing an additional 64,965 shares in the last quarter. Paloma Partners Management Co acquired a new stake in SPDR Gold Shares in the third quarter valued at approximately $389,000. Benjamin Edwards Inc. purchased a new stake in shares of SPDR Gold Shares during the 3rd quarter valued at $6,480,000. Finally, Ascent Group LLC increased its position in SPDR Gold Shares by 35.7% during the 3rd quarter. Ascent Group LLC now owns 2,315 shares of the exchange traded fund’s stock valued at $563,000 after buying an additional 609 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.2 %

GLD opened at $287.57 on Wednesday. The firm’s 50-day moving average price is $269.11 and its 200-day moving average price is $253.75. The company has a market cap of $86.44 billion, a P/E ratio of -30.67 and a beta of 0.17. SPDR Gold Shares has a 52-week low of $208.36 and a 52-week high of $289.13.

About SPDR Gold Shares

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).