Absolute Capital Management LLC Sells 832 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Absolute Capital Management LLC reduced its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 46.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 963 shares of the exchange traded fund’s stock after selling 832 shares during the period. Absolute Capital Management LLC’s holdings in SPDR Gold Shares were worth $232,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Roxbury Financial LLC acquired a new stake in SPDR Gold Shares during the 4th quarter worth approximately $31,000. PayPay Securities Corp raised its holdings 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 buying an additional 47 shares during the period. Compass Planning Associates Inc acquired a new stake in SPDR Gold Shares during the 4th quarter worth approximately $39,000. Keystone Financial Group Inc. acquired a new stake in SPDR Gold Shares during the 4th quarter worth approximately $39,000. Finally, SOA Wealth Advisors LLC. raised its holdings in SPDR Gold Shares by 54.0% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 194 shares of the exchange traded fund’s stock worth $47,000 after buying an additional 68 shares during the period. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $280.75 on Friday. The company has a market capitalization of $84.39 billion, a P/E ratio of -29.30 and a beta of 0.20. The company’s 50 day moving average price is $263.87 and its two-hundred day moving average price is $250.73. SPDR Gold Shares has a 52 week low of $199.72 and a 52 week high of $281.48.

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).