WealthTrust Asset Management LLC Reduces Position in SPDR Gold Shares (NYSEARCA:GLD)

WealthTrust Asset Management LLC lessened its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 57.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,637 shares of the exchange traded fund’s stock after selling 7,582 shares during the quarter. SPDR Gold Shares makes up 1.0% of WealthTrust Asset Management LLC’s portfolio, making the stock its 25th biggest position. WealthTrust Asset Management LLC’s holdings in SPDR Gold Shares were worth $1,365,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Clarus Group Inc. raised its holdings in shares of SPDR Gold Shares by 2.2% during the fourth quarter. Clarus Group Inc. now owns 1,825 shares of the exchange traded fund’s stock valued at $442,000 after acquiring an additional 40 shares in the last quarter. Kellett Wealth Advisors LLC raised its holdings in shares of SPDR Gold Shares by 3.6% during the fourth quarter. Kellett Wealth Advisors LLC now owns 1,160 shares of the exchange traded fund’s stock valued at $281,000 after acquiring an additional 40 shares in the last quarter. Magnus Financial Group LLC raised its holdings in shares of SPDR Gold Shares by 0.6% during the fourth quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock valued at $1,780,000 after acquiring an additional 41 shares in the last quarter. Pittenger & Anderson Inc. raised its holdings in shares of SPDR Gold Shares by 25.9% during the fourth quarter. Pittenger & Anderson Inc. now owns 199 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 41 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in shares of SPDR Gold Shares by 2.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,533 shares of the exchange traded fund’s stock valued at $369,000 after acquiring an additional 41 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.0 %

GLD opened at $275.24 on Friday. The stock has a fifty day simple moving average of $261.08 and a two-hundred day simple moving average of $249.53. The company has a market cap of $82.74 billion, a price-to-earnings ratio of -29.30 and a beta of 0.20. SPDR Gold Shares has a 12-month low of $198.94 and a 12-month high of $276.30.

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).