HBW Advisory Services LLC Reduces Stock Holdings in SPDR Gold Shares $GLD

HBW Advisory Services LLC decreased its position in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 55.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,946 shares of the exchange traded fund’s stock after selling 3,644 shares during the period. HBW Advisory Services LLC’s holdings in SPDR Gold Shares were worth $1,168,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. True Vision MN LLC lifted its stake in SPDR Gold Shares by 3.2% in the fourth quarter. True Vision MN LLC now owns 768 shares of the exchange traded fund’s stock valued at $304,000 after purchasing an additional 24 shares during the last quarter. Burns J W & Co. Inc. NY lifted its stake in SPDR Gold Shares by 0.7% in the fourth quarter. Burns J W & Co. Inc. NY now owns 3,500 shares of the exchange traded fund’s stock valued at $1,387,000 after purchasing an additional 25 shares during the last quarter. PFS Partners LLC lifted its stake in SPDR Gold Shares by 2.4% in the fourth quarter. PFS Partners LLC now owns 1,078 shares of the exchange traded fund’s stock valued at $427,000 after purchasing an additional 25 shares during the last quarter. Steigerwald Gordon & Koch Inc. lifted its stake in SPDR Gold Shares by 28.7% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 112 shares of the exchange traded fund’s stock valued at $44,000 after purchasing an additional 25 shares during the last quarter. Finally, Boston Standard Wealth Management LLC lifted its stake in SPDR Gold Shares by 2.8% in the fourth quarter. Boston Standard Wealth Management LLC now owns 946 shares of the exchange traded fund’s stock valued at $375,000 after purchasing an additional 26 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares News Roundup

Here are the key news stories impacting SPDR Gold Shares this week:

SPDR Gold Shares Price Performance

Shares of GLD stock opened at $435.36 on Tuesday. The stock has a market capitalization of $160.30 billion, a price-to-earnings ratio of -32.43 and a beta of 0.20. The company’s fifty day simple moving average is $450.37 and its two-hundred day simple moving average is $414.02. SPDR Gold Shares has a 1 year low of $291.78 and a 1 year high of $509.70.

About SPDR Gold Shares

(Free Report)

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). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.

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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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