NewEdge Wealth LLC Reduces Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

NewEdge Wealth LLC reduced its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,814 shares of the exchange traded fund’s stock after selling 351 shares during the period. NewEdge Wealth LLC’s holdings in SPDR Gold Shares were worth $5,524,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Stifel Financial Corp boosted its holdings in shares of 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 valued at $199,924,000 after acquiring an additional 100,149 shares during the last quarter. State Street Corp boosted its holdings in shares of 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 valued at $185,774,000 after acquiring an additional 47,507 shares during the last quarter. US Bancorp DE boosted its holdings in shares of SPDR Gold Shares by 0.5% in the 3rd quarter. US Bancorp DE now owns 691,648 shares of the exchange traded fund’s stock valued at $168,112,000 after acquiring an additional 3,614 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of 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 valued at $161,670,000 after acquiring an additional 30,952 shares during the last quarter. Finally, Strategic Financial Concepts LLC boosted its holdings in shares of SPDR Gold Shares by 24,600.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 608,876 shares of the exchange traded fund’s stock valued at $147,427,000 after acquiring an additional 606,411 shares during the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

GLD stock opened at $264.93 on Friday. The firm’s fifty day simple moving average is $255.14 and its 200-day simple moving average is $246.43. The company has a market capitalization of $79.64 billion, a P/E ratio of -28.59 and a beta of 0.20. SPDR Gold Shares has a 12 month low of $188.03 and a 12 month high of $272.32.

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).