SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Capital Wealth Planning LLC

Capital Wealth Planning LLC lessened its position in SPDR Gold Shares (NYSEARCA:GLD) by 35.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,406 shares of the exchange traded fund’s stock after selling 7,284 shares during the quarter. Capital Wealth Planning LLC’s holdings in SPDR Gold Shares were worth $3,246,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in GLD. Ashton Thomas Securities LLC purchased a new position in shares of SPDR Gold Shares in the third quarter valued at approximately $28,000. Roxbury Financial LLC purchased a new position in shares of SPDR Gold Shares in the fourth quarter valued at approximately $31,000. PayPay Securities Corp lifted its position in shares of SPDR Gold Shares by 55.3% in the fourth quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 47 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of SPDR Gold Shares in the third quarter valued at approximately $35,000. Finally, Pittenger & Anderson Inc. purchased a new position in shares of SPDR Gold Shares in the third quarter valued at approximately $38,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

NYSEARCA GLD opened at $263.27 on Friday. The company has a market cap of $79.14 billion, a PE ratio of -28.59 and a beta of 0.20. The stock’s 50 day simple moving average is $255.57 and its 200-day simple moving average is $246.81. SPDR Gold Shares has a 1-year low of $189.23 and a 1-year high of $272.32.

SPDR Gold Shares Company 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).