SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by IPG Investment Advisors LLC

IPG Investment Advisors LLC lessened its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 14.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,973 shares of the exchange traded fund’s stock after selling 1,859 shares during the quarter. IPG Investment Advisors LLC’s holdings in SPDR Gold Shares were worth $2,657,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in GLD. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of SPDR Gold Shares by 24.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 94,367 shares of the exchange traded fund’s stock worth $22,937,000 after acquiring an additional 18,828 shares during the last quarter. Verition Fund Management LLC raised its stake in SPDR Gold Shares by 104.1% during the third quarter. Verition Fund Management LLC now owns 2,570 shares of the exchange traded fund’s stock worth $625,000 after purchasing an additional 64,965 shares during the period. Flow Traders U.S. LLC purchased a new position in SPDR Gold Shares during the third quarter worth approximately $1,853,000. Circle Wealth Management LLC boosted its holdings in shares of SPDR Gold Shares by 5.5% in the 3rd quarter. Circle Wealth Management LLC now owns 26,393 shares of the exchange traded fund’s stock valued at $6,415,000 after purchasing an additional 1,381 shares during the last quarter. Finally, TRUE Private Wealth Advisors grew its stake in shares of SPDR Gold Shares by 71.7% during the 3rd quarter. TRUE Private Wealth Advisors now owns 14,578 shares of the exchange traded fund’s stock valued at $3,544,000 after buying an additional 6,089 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.7 %

Shares of GLD opened at $284.06 on Friday. SPDR Gold Shares has a twelve month low of $206.29 and a twelve month high of $284.64. The firm has a market capitalization of $85.39 billion, a P/E ratio of -29.30 and a beta of 0.20. The stock’s fifty day simple moving average is $267.64 and its 200 day simple moving average is $252.90.

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).