JPMorgan Chase & Co. reduced its position in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 78.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,062,819 shares of the exchange traded fund’s stock after selling 3,920,854 shares during the period. JPMorgan Chase & Co.’s holdings in SPDR Gold Shares were worth $257,340,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of GLD. Murphy & Mullick Capital Management Corp purchased a new stake in SPDR Gold Shares in the 4th quarter worth $26,000. Roxbury Financial LLC bought a new stake in SPDR Gold Shares during the 4th quarter valued at approximately $31,000. PayPay Securities Corp raised its stake in SPDR Gold Shares by 55.3% during the 4th 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 period. Keystone Financial Group Inc. purchased a new position in SPDR Gold Shares in the 4th quarter worth approximately $39,000. Finally, Compass Planning Associates Inc bought a new position in SPDR Gold Shares in the 4th quarter worth approximately $39,000. 42.19% of the stock is currently owned by institutional investors.
SPDR Gold Shares Price Performance
SPDR Gold Shares stock opened at $284.06 on Monday. SPDR Gold Shares has a 1 year low of $206.29 and a 1 year high of $288.32. The firm’s 50 day moving average price is $267.64 and its 200-day moving average price is $253.04. The stock has a market cap of $85.39 billion, a P/E ratio of -29.30 and a beta of 0.20.
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).
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Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLD – Free Report).
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