Seaview Investment Managers LLC Sells 16,705 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Seaview Investment Managers LLC lessened its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 71.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,594 shares of the exchange traded fund’s stock after selling 16,705 shares during the period. Seaview Investment Managers LLC’s holdings in SPDR Gold Shares were worth $1,597,000 at the end of the most recent reporting period.

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

SPDR Gold Shares Stock Down 0.4 %

Shares of GLD opened at $306.12 on Friday. The business has a 50-day simple moving average of $278.32 and a two-hundred day simple moving average of $258.56. SPDR Gold Shares has a 52 week low of $210.71 and a 52 week high of $308.06. The stock has a market cap of $92.02 billion, a price-to-earnings ratio of -30.67 and a beta of 0.17.

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).