Cavalier Investments LLC reduced its stake in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 9.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,687 shares of the exchange traded fund’s stock after selling 186 shares during the period. Cavalier Investments LLC’s holdings in SPDR Gold Shares were worth $408,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of GLD. Ashton Thomas Securities LLC purchased a new position in shares of SPDR Gold Shares during the 3rd quarter valued at $28,000. Roxbury Financial LLC bought a new stake in SPDR Gold Shares in the fourth quarter worth $31,000. PayPay Securities Corp boosted its holdings in SPDR Gold Shares by 55.3% in the fourth quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 47 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in SPDR Gold Shares in the third quarter worth $35,000. Finally, Pittenger & Anderson Inc. bought a new stake in SPDR Gold Shares in the third quarter worth $38,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.
SPDR Gold Shares Trading Down 1.3 %
Shares of NYSEARCA:GLD opened at $268.62 on Wednesday. The stock has a market capitalization of $80.75 billion, a PE ratio of -28.59 and a beta of 0.20. SPDR Gold Shares has a 1 year low of $187.53 and a 1 year high of $272.32. The firm has a fifty day moving average price of $254.04 and a 200 day moving average price of $246.15.
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).
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