Frontier Asset Management LLC Decreases Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Frontier Asset Management LLC trimmed its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 6.7% in the fourth quarter, Holdings Channel reports. The firm owned 2,663 shares of the exchange traded fund’s stock after selling 190 shares during the period. Frontier Asset Management LLC’s holdings in SPDR Gold Shares were worth $645,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Consolidated Planning Corp purchased a new position in SPDR Gold Shares in the 3rd quarter valued at about $240,000. Summit Global Investments boosted its position in SPDR Gold Shares by 31.6% in the 3rd quarter. Summit Global Investments now owns 4,764 shares of the exchange traded fund’s stock valued at $1,158,000 after buying an additional 1,144 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in SPDR Gold Shares in the 3rd quarter valued at about $35,000. Beckerman Institutional LLC purchased a new position in SPDR Gold Shares in the 3rd quarter valued at about $308,000. Finally, Source Financial Advisors LLC boosted its position in SPDR Gold Shares by 1.0% in the 3rd quarter. Source Financial Advisors LLC now owns 13,278 shares of the exchange traded fund’s stock valued at $3,227,000 after buying an additional 133 shares during the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

NYSEARCA:GLD opened at $268.39 on Friday. The firm has a 50-day moving average of $258.24 and a two-hundred day moving average of $248.16. The stock has a market cap of $80.68 billion, a P/E ratio of -28.59 and a beta of 0.20. SPDR Gold Shares has a 1-year low of $198.94 and a 1-year 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).