Verus Capital Partners LLC Sells 3,212 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Verus Capital Partners LLC reduced its stake in SPDR Gold Shares (NYSEARCA:GLD) by 23.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,732 shares of the exchange traded fund’s stock after selling 3,212 shares during the period. Verus Capital Partners LLC’s holdings in SPDR Gold Shares were worth $2,599,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Fort Sheridan Advisors LLC raised its holdings in SPDR Gold Shares by 51.6% in the 4th quarter. Fort Sheridan Advisors LLC now owns 1,604 shares of the exchange traded fund’s stock valued at $388,000 after acquiring an additional 546 shares in the last quarter. A&I Financial Services LLC acquired a new position in SPDR Gold Shares in the fourth quarter valued at about $211,000. Linscomb Wealth Inc. lifted its position in SPDR Gold Shares by 6.1% during the fourth quarter. Linscomb Wealth Inc. now owns 1,413 shares of the exchange traded fund’s stock worth $342,000 after purchasing an additional 81 shares during the period. Consilium Wealth Advisory LLC bought a new stake in SPDR Gold Shares during the fourth quarter worth about $5,145,000. Finally, Heritage Oak Wealth Advisors LLC grew its stake in SPDR Gold Shares by 80.8% during the fourth quarter. Heritage Oak Wealth Advisors LLC now owns 14,977 shares of the exchange traded fund’s stock worth $3,626,000 after buying an additional 6,691 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 1.5 %

GLD stock opened at $264.93 on Friday. The company’s 50-day moving average price is $255.14 and its two-hundred day moving average price is $246.43. SPDR Gold Shares has a 12 month low of $188.03 and a 12 month high of $272.32. The firm has a market cap of $79.64 billion, a P/E ratio of -28.59 and a beta of 0.20.

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).