SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by New England Private Wealth Advisors LLC

New England Private Wealth Advisors LLC lowered its stake in SPDR Gold Shares (NYSEARCA:GLD) by 0.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 8,360 shares of the exchange traded fund’s stock after selling 42 shares during the quarter. New England Private Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $2,024,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Clarus Group Inc. raised its stake in 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 worth $442,000 after purchasing an additional 40 shares during the period. Kellett Wealth Advisors LLC increased its holdings in SPDR Gold Shares by 3.6% in the fourth quarter. Kellett Wealth Advisors LLC now owns 1,160 shares of the exchange traded fund’s stock valued at $281,000 after buying an additional 40 shares during the last quarter. Magnus Financial Group LLC grew its position in shares of SPDR Gold Shares by 0.6% in the 4th quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock valued at $1,780,000 after buying an additional 41 shares during the last quarter. Pittenger & Anderson Inc. grew its stake in SPDR Gold Shares by 25.9% during the 4th quarter. Pittenger & Anderson Inc. now owns 199 shares of the exchange traded fund’s stock worth $48,000 after buying an additional 41 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in shares of SPDR Gold Shares by 2.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,533 shares of the exchange traded fund’s stock valued at $369,000 after buying an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of SPDR Gold Shares stock opened at $269.16 on Wednesday. The company has a market cap of $80.91 billion, a P/E ratio of -28.59 and a beta of 0.20. The firm has a fifty day moving average of $259.29 and a two-hundred day moving average of $248.79. SPDR Gold Shares has a one year low of $198.94 and a one year high of $272.32.

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).