Hazlett Burt & Watson Inc. Cuts Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Hazlett Burt & Watson Inc. lessened its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 4.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,931 shares of the exchange traded fund’s stock after selling 88 shares during the period. Hazlett Burt & Watson Inc.’s holdings in SPDR Gold Shares were worth $469,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in GLD. O Shaughnessy Asset Management LLC increased its holdings in shares of SPDR Gold Shares by 14.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 5,704 shares of the exchange traded fund’s stock valued at $1,381,000 after acquiring an additional 703 shares in the last quarter. Delos Wealth Advisors LLC grew its position in SPDR Gold Shares by 9.2% during the 4th quarter. Delos Wealth Advisors LLC now owns 19,436 shares of the exchange traded fund’s stock valued at $4,706,000 after purchasing an additional 1,640 shares during the last quarter. Holowesko Partners Ltd. increased its stake in SPDR Gold Shares by 48.6% during the 4th quarter. Holowesko Partners Ltd. now owns 10,400 shares of the exchange traded fund’s stock valued at $2,518,000 after purchasing an additional 3,400 shares in the last quarter. Ameraudi Asset Management Inc. raised its holdings in SPDR Gold Shares by 133.8% in the fourth quarter. Ameraudi Asset Management Inc. now owns 4,084 shares of the exchange traded fund’s stock worth $989,000 after buying an additional 2,337 shares during the last quarter. Finally, United Bank raised its holdings in SPDR Gold Shares by 16.4% in the fourth quarter. United Bank now owns 2,841 shares of the exchange traded fund’s stock worth $688,000 after buying an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.7 %

NYSEARCA:GLD opened at $284.06 on Monday. The stock has a market cap of $85.39 billion, a price-to-earnings ratio of -29.30 and a beta of 0.20. The company’s 50 day moving average price is $267.64 and its 200-day moving average price is $253.04. SPDR Gold Shares has a 52 week low of $206.29 and a 52 week high of $288.32.

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).