Balboa Wealth Partners Trims Position in SPDR Gold Shares (NYSEARCA:GLD)

Balboa Wealth Partners lessened its stake in SPDR Gold Shares (NYSEARCA:GLD) by 7.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,470 shares of the exchange traded fund’s stock after selling 1,756 shares during the period. SPDR Gold Shares accounts for about 1.2% of Balboa Wealth Partners’ portfolio, making the stock its 11th largest position. Balboa Wealth Partners’ holdings in SPDR Gold Shares were worth $5,441,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in GLD. Clarus Group Inc. boosted its stake in SPDR Gold Shares by 2.2% during the 4th quarter. Clarus Group Inc. now owns 1,825 shares of the exchange traded fund’s stock worth $442,000 after purchasing an additional 40 shares during the last quarter. Kellett Wealth Advisors LLC boosted its position in shares of SPDR Gold Shares by 3.6% during the 4th quarter. Kellett Wealth Advisors LLC now owns 1,160 shares of the exchange traded fund’s stock valued at $281,000 after acquiring an additional 40 shares during the last quarter. Magnus Financial Group LLC boosted its position in shares of SPDR Gold Shares by 0.6% during the 4th quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock valued at $1,780,000 after acquiring an additional 41 shares during the last quarter. Pittenger & Anderson Inc. boosted its position in shares of SPDR Gold Shares by 25.9% during the 4th quarter. Pittenger & Anderson Inc. now owns 199 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 41 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of SPDR Gold Shares by 2.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,533 shares of the exchange traded fund’s stock valued at $369,000 after acquiring an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.4 %

Shares of GLD stock opened at $270.33 on Thursday. The company’s 50-day moving average price is $259.86 and its 200-day moving average price is $248.94. The stock has a market cap of $81.26 billion, a price-to-earnings ratio of -28.59 and a beta of 0.20. SPDR Gold Shares has a twelve month low of $198.94 and a twelve month high of $272.32.

SPDR Gold Shares 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).