SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by New England Private Wealth Advisors LLC

New England Private Wealth Advisors LLC cut its stake in SPDR Gold Shares (NYSEARCA:GLD) by 0.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,360 shares of the exchange traded fund’s stock after selling 42 shares during the period. New England Private Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $2,024,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Ashton Thomas Securities LLC acquired a new position in shares of SPDR Gold Shares during the third quarter worth about $28,000. Roxbury Financial LLC acquired a new position in SPDR Gold Shares during the 4th quarter worth approximately $31,000. PayPay Securities Corp lifted its position in SPDR Gold Shares by 55.3% during the 4th quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 47 shares in the last quarter. Keystone Financial Group Inc. purchased a new position in SPDR Gold Shares in the 4th quarter worth approximately $39,000. Finally, Compass Planning Associates Inc acquired a new stake in SPDR Gold Shares in the fourth quarter valued at approximately $39,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of GLD stock opened at $269.16 on Wednesday. The company’s fifty day moving average price is $259.29 and its two-hundred day moving average price is $248.79. The firm has a market capitalization of $80.91 billion, a P/E ratio of -28.59 and a beta of 0.20. SPDR Gold Shares has a 12 month low of $198.94 and a 12 month high of $272.32.

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).