SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Allie Family Office LLC

Allie Family Office LLC lessened its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,602 shares of the exchange traded fund’s stock after selling 134 shares during the period. SPDR Gold Shares makes up 2.2% of Allie Family Office LLC’s portfolio, making the stock its 9th biggest position. Allie Family Office LLC’s holdings in SPDR Gold Shares were worth $4,020,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of SPDR Gold Shares by 24.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 94,367 shares of the exchange traded fund’s stock worth $22,937,000 after purchasing an additional 18,828 shares in the last quarter. Verition Fund Management LLC lifted its position in SPDR Gold Shares by 104.1% during the 3rd quarter. Verition Fund Management LLC now owns 2,570 shares of the exchange traded fund’s stock worth $625,000 after acquiring an additional 64,965 shares in the last quarter. Paloma Partners Management Co purchased a new position in SPDR Gold Shares in the 3rd quarter worth approximately $389,000. Benjamin Edwards Inc. acquired a new stake in SPDR Gold Shares in the third quarter valued at approximately $6,480,000. Finally, Ascent Group LLC raised its stake in shares of SPDR Gold Shares by 35.7% during the third quarter. Ascent Group LLC now owns 2,315 shares of the exchange traded fund’s stock valued at $563,000 after purchasing an additional 609 shares during the period. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Down 0.2 %

NYSEARCA GLD opened at $287.57 on Wednesday. The company’s fifty day simple moving average is $269.11 and its 200-day simple moving average is $253.75. The stock has a market cap of $86.44 billion, a P/E ratio of -30.67 and a beta of 0.17. SPDR Gold Shares has a 52 week low of $208.36 and a 52 week high of $289.13.

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).