Smithfield Trust Co Trims Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Smithfield Trust Co decreased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 14.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,879 shares of the exchange traded fund’s stock after selling 314 shares during the quarter. Smithfield Trust Co’s holdings in SPDR Gold Shares were worth $455,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in GLD. Harbor Capital Advisors Inc. purchased a new position in SPDR Gold Shares during the 3rd quarter worth $219,000. Pittenger & Anderson Inc. purchased a new position in SPDR Gold Shares in the 3rd quarter valued at $38,000. Heritage Investors Management Corp grew its position in SPDR Gold Shares by 123.1% in the 3rd quarter. Heritage Investors Management Corp now owns 2,476 shares of the exchange traded fund’s stock valued at $602,000 after buying an additional 1,366 shares during the last quarter. Crestwood Advisors Group LLC grew its position in SPDR Gold Shares by 4.6% in the 3rd quarter. Crestwood Advisors Group LLC now owns 4,997 shares of the exchange traded fund’s stock valued at $1,215,000 after buying an additional 222 shares during the last quarter. Finally, Crescent Grove Advisors LLC grew its position in SPDR Gold Shares by 10.0% in the 3rd quarter. Crescent Grove Advisors LLC now owns 5,966 shares of the exchange traded fund’s stock valued at $1,450,000 after buying an additional 544 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

NYSEARCA:GLD opened at $269.62 on Thursday. The firm’s fifty day moving average price is $257.20 and its 200 day moving average price is $247.65. SPDR Gold Shares has a 1-year low of $197.44 and a 1-year high of $272.32. The firm has a market cap of $81.05 billion, a price-to-earnings ratio of -28.59 and a beta of 0.20.

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).