Cascade Financial Partners LLC Sells 1,551 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Cascade Financial Partners LLC cut its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 27.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,189 shares of the exchange traded fund’s stock after selling 1,551 shares during the quarter. Cascade Financial Partners LLC’s holdings in SPDR Gold Shares were worth $1,014,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Wealthfront Advisers LLC lifted its stake in shares of SPDR Gold Shares by 1,374.2% in the 4th quarter. Wealthfront Advisers LLC now owns 1,121,579 shares of the exchange traded fund’s stock worth $271,568,000 after purchasing an additional 1,045,499 shares during the period. Avantax Planning Partners Inc. grew its holdings in SPDR Gold Shares by 4.1% during the 4th quarter. Avantax Planning Partners Inc. now owns 6,958 shares of the exchange traded fund’s stock valued at $1,685,000 after buying an additional 277 shares in the last quarter. Cushing Capital Partners LLC purchased a new position in shares of SPDR Gold Shares in the fourth quarter valued at $236,000. Gables Capital Management Inc. grew its holdings in shares of SPDR Gold Shares by 1.8% in the fourth quarter. Gables Capital Management Inc. now owns 5,698 shares of the exchange traded fund’s stock valued at $1,380,000 after purchasing an additional 100 shares in the last quarter. Finally, Inspire Advisors LLC boosted its stake in SPDR Gold Shares by 17.1% during the fourth quarter. Inspire Advisors LLC now owns 2,874 shares of the exchange traded fund’s stock worth $696,000 after buying an additional 419 shares during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 1.2 %

NYSEARCA:GLD opened at $269.16 on Wednesday. The stock has a fifty day simple moving average of $259.29 and a 200-day simple moving average of $248.79. The company has a market cap of $80.91 billion, a price-to-earnings ratio of -28.59 and a beta of 0.20. SPDR Gold Shares has a twelve month low of $198.94 and a twelve month high of $272.32.

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).