Wells Financial Advisors INC Reduces Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Wells Financial Advisors INC lowered its stake in SPDR Gold Shares (NYSEARCA:GLD) by 3.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,331 shares of the exchange traded fund’s stock after selling 431 shares during the period. SPDR Gold Shares accounts for about 4.4% of Wells Financial Advisors INC’s holdings, making the stock its 7th largest holding. Wells Financial Advisors INC’s holdings in SPDR Gold Shares were worth $3,228,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Murphy & Mullick Capital Management Corp bought a new stake in SPDR Gold Shares in the 4th quarter worth about $26,000. Roxbury Financial LLC bought a new stake in shares of SPDR Gold Shares in the fourth quarter worth approximately $31,000. PayPay Securities Corp raised its holdings in shares of SPDR Gold Shares by 55.3% during 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 last quarter. Keystone Financial Group Inc. bought a new position in SPDR Gold Shares during the fourth quarter valued at approximately $39,000. Finally, Compass Planning Associates Inc purchased a new stake in SPDR Gold Shares in the fourth quarter worth approximately $39,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.4 %

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

About SPDR Gold Shares

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).