Heritage Wealth Advisors Cuts Stake in SPDR Gold Shares (NYSEARCA:GLD)

Heritage Wealth Advisors decreased its position in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,029 shares of the exchange traded fund’s stock after selling 78 shares during the period. Heritage Wealth Advisors’ holdings in SPDR Gold Shares were worth $733,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Murphy & Mullick Capital Management Corp purchased a new position in SPDR Gold Shares in the fourth quarter worth $26,000. Roxbury Financial LLC purchased a new position in shares of SPDR Gold Shares in the 4th quarter valued at about $31,000. PayPay Securities Corp lifted its stake in shares of SPDR Gold Shares by 55.3% in the fourth quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 47 shares during the period. Compass Planning Associates Inc purchased a new stake in SPDR Gold Shares during the fourth quarter worth about $39,000. Finally, Keystone Financial Group Inc. purchased a new stake in SPDR Gold Shares during the fourth quarter worth about $39,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Up 0.4 %

Shares of SPDR Gold Shares stock opened at $278.47 on Wednesday. The company has a 50-day moving average of $265.73 and a two-hundred day moving average of $252.00. SPDR Gold Shares has a 12-month low of $201.07 and a 12-month high of $281.48. The stock has a market cap of $83.71 billion, a PE ratio of -29.30 and a beta of 0.20.

SPDR Gold Shares Company Profile

(Free Report)

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).

See Also

Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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