Flagstar Advisors Inc. Sells 4,187 Shares of SPDR Gold Shares $GLD

Flagstar Advisors Inc. lessened its holdings in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 53.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,682 shares of the exchange traded fund’s stock after selling 4,187 shares during the period. Flagstar Advisors Inc.’s holdings in SPDR Gold Shares were worth $1,459,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GLD. Burns J W & Co. Inc. NY grew its stake in shares of SPDR Gold Shares by 0.7% in the 4th quarter. Burns J W & Co. Inc. NY now owns 3,500 shares of the exchange traded fund’s stock valued at $1,387,000 after purchasing an additional 25 shares during the period. Boston Standard Wealth Management LLC lifted its position in shares of SPDR Gold Shares by 2.8% during the 4th quarter. Boston Standard Wealth Management LLC now owns 946 shares of the exchange traded fund’s stock worth $375,000 after buying an additional 26 shares during the period. Mccarter Private Wealth Services LLC lifted its position in shares of SPDR Gold Shares by 3.2% during the 3rd quarter. Mccarter Private Wealth Services LLC now owns 870 shares of the exchange traded fund’s stock worth $309,000 after buying an additional 27 shares during the period. Prudent Investors Network Inc. lifted its position in shares of SPDR Gold Shares by 3.8% during the 3rd quarter. Prudent Investors Network Inc. now owns 734 shares of the exchange traded fund’s stock worth $261,000 after buying an additional 27 shares during the period. Finally, Kelleher Financial Advisors boosted its stake in SPDR Gold Shares by 0.6% in the 3rd quarter. Kelleher Financial Advisors now owns 4,324 shares of the exchange traded fund’s stock valued at $1,537,000 after buying an additional 27 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD opened at $400.64 on Friday. The business’s fifty day moving average price is $455.89 and its two-hundred day moving average price is $405.38. SPDR Gold Shares has a fifty-two week low of $272.58 and a fifty-two week high of $509.70. The stock has a market capitalization of $152.28 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09.

Key SPDR Gold Shares News

Here are the key news stories impacting SPDR Gold Shares this week:

SPDR Gold Shares 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). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.

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

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