LGL Partners LLC Sells 200 Shares of SPDR Gold Shares (NYSEARCA:GLD)

LGL Partners LLC cut its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 6.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,932 shares of the exchange traded fund’s stock after selling 200 shares during the period. LGL Partners LLC’s holdings in SPDR Gold Shares were worth $710,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in GLD. Canton Hathaway LLC grew its position in SPDR Gold Shares by 4.3% in the fourth quarter. Canton Hathaway LLC now owns 39,332 shares of the exchange traded fund’s stock worth $9,524,000 after acquiring an additional 1,631 shares in the last quarter. Acorn Wealth Advisors LLC boosted its holdings in shares of SPDR Gold Shares by 44.8% in the 4th quarter. Acorn Wealth Advisors LLC now owns 4,693 shares of the exchange traded fund’s stock worth $1,136,000 after purchasing an additional 1,451 shares during the period. CWS Financial Advisors LLC boosted its holdings in shares of SPDR Gold Shares by 4.3% in the 4th quarter. CWS Financial Advisors LLC now owns 2,420 shares of the exchange traded fund’s stock worth $586,000 after purchasing an additional 100 shares during the period. BankPlus Trust Department bought a new position in shares of SPDR Gold Shares during the 4th quarter valued at approximately $138,000. Finally, Crestwood Advisors Group LLC raised its holdings in SPDR Gold Shares by 27.7% during the 4th quarter. Crestwood Advisors Group LLC now owns 6,383 shares of the exchange traded fund’s stock valued at $1,546,000 after buying an additional 1,386 shares during the period. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Down 1.3 %

Shares of GLD opened at $268.62 on Wednesday. SPDR Gold Shares has a 52-week low of $187.53 and a 52-week high of $272.32. The company has a market cap of $80.75 billion, a PE ratio of -28.59 and a beta of 0.20. The business has a fifty day moving average of $254.04 and a 200 day moving average of $246.15.

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).