Corepath Wealth Partners LLC Sells 1,366 Shares of SPDR Gold Shares $GLD

Corepath Wealth Partners LLC lowered its position in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 5.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,174 shares of the exchange traded fund’s stock after selling 1,366 shares during the quarter. SPDR Gold Shares comprises 7.4% of Corepath Wealth Partners LLC’s holdings, making the stock its 4th biggest position. Corepath Wealth Partners LLC’s holdings in SPDR Gold Shares were worth $11,052,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC raised its stake in SPDR Gold Shares by 20.4% in the 4th quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock worth $2,723,000 after purchasing an additional 1,903 shares in the last quarter. Bison Wealth LLC grew its position in shares of SPDR Gold Shares by 77.8% during the 4th quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock worth $1,438,000 after purchasing an additional 2,600 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of SPDR Gold Shares during the 1st quarter worth approximately $16,014,000. Schnieders Capital Management LLC. increased its holdings in shares of SPDR Gold Shares by 4.8% during the second quarter. Schnieders Capital Management LLC. now owns 6,000 shares of the exchange traded fund’s stock worth $1,829,000 after purchasing an additional 275 shares during the period. Finally, Prudential Financial Inc. bought a new position in shares of SPDR Gold Shares during the second quarter worth approximately $337,000. Institutional investors own 42.19% of the company’s stock.

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SPDR Gold Shares Trading Down 0.0%

NYSEARCA GLD opened at $414.58 on Tuesday. The company has a market cap of $157.58 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. The company has a 50 day moving average of $455.62 and a 200-day moving average of $407.50. SPDR Gold Shares has a 1-year low of $272.58 and a 1-year high of $509.70.

About SPDR Gold Shares

(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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