Strategy Asset Managers LLC Sells 133 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Strategy Asset Managers LLC decreased its position in SPDR Gold Shares (NYSEARCA:GLD) by 6.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,997 shares of the exchange traded fund’s stock after selling 133 shares during the period. Strategy Asset Managers LLC’s holdings in SPDR Gold Shares were worth $484,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Murphy & Mullick Capital Management Corp purchased a new stake in SPDR Gold Shares during the fourth quarter worth about $26,000. Roxbury Financial LLC bought a new position in shares of SPDR Gold Shares during the 4th quarter valued at approximately $31,000. PayPay Securities Corp increased its stake in shares of SPDR Gold Shares by 55.3% during the 4th quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 47 shares during the last quarter. Compass Planning Associates Inc bought a new stake in shares of SPDR Gold Shares in the 4th quarter worth approximately $39,000. Finally, Keystone Financial Group Inc. purchased a new position in SPDR Gold Shares in the fourth quarter valued at approximately $39,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.7 %

Shares of NYSEARCA GLD opened at $284.06 on Friday. The firm has a market cap of $85.39 billion, a price-to-earnings ratio of -29.30 and a beta of 0.20. The stock has a fifty day simple moving average of $267.64 and a two-hundred day simple moving average of $252.76. SPDR Gold Shares has a 1-year low of $206.29 and a 1-year high of $284.64.

SPDR Gold Shares Company 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).