HUB Investment Partners LLC Sells 1,076 Shares of SPDR Gold Shares (NYSEARCA:GLD)

HUB Investment Partners LLC trimmed its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 27.5% in the fourth quarter, Holdings Channel reports. The fund owned 2,836 shares of the exchange traded fund’s stock after selling 1,076 shares during the quarter. HUB Investment Partners LLC’s holdings in SPDR Gold Shares were worth $687,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in GLD. CIBC Asset Management Inc raised its position in shares of SPDR Gold Shares by 39.8% during the third quarter. CIBC Asset Management Inc now owns 3,986 shares of the exchange traded fund’s stock valued at $969,000 after buying an additional 1,134 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of SPDR Gold Shares by 6.7% during the third quarter. Thrivent Financial for Lutherans now owns 81,301 shares of the exchange traded fund’s stock valued at $19,762,000 after buying an additional 5,111 shares during the last quarter. Pathstone Holdings LLC raised its position in shares of SPDR Gold Shares by 3.0% during the third quarter. Pathstone Holdings LLC now owns 47,859 shares of the exchange traded fund’s stock valued at $11,633,000 after buying an additional 1,399 shares during the last quarter. Commerce Bank raised its position in shares of SPDR Gold Shares by 0.6% during the third quarter. Commerce Bank now owns 80,322 shares of the exchange traded fund’s stock valued at $19,523,000 after buying an additional 516 shares during the last quarter. Finally, Howe & Rusling Inc. raised its position in shares of SPDR Gold Shares by 4.5% during the third quarter. Howe & Rusling Inc. now owns 1,623 shares of the exchange traded fund’s stock valued at $394,000 after buying an additional 70 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.1 %

NYSEARCA:GLD opened at $280.75 on Friday. SPDR Gold Shares has a 12-month low of $199.72 and a 12-month high of $281.48. The firm has a market capitalization of $84.39 billion, a PE ratio of -29.30 and a beta of 0.20. The firm has a 50-day moving average price of $263.87 and a 200 day moving average price of $250.73.

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).