Bard Associates Inc. Reduces Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Bard Associates Inc. lessened its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 14.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,286 shares of the exchange traded fund’s stock after selling 214 shares during the quarter. Bard Associates Inc.’s holdings in SPDR Gold Shares were worth $311,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GLD. Ashton Thomas Securities LLC purchased a new stake in SPDR Gold Shares in the 3rd quarter valued at about $28,000. Roxbury Financial LLC purchased a new stake in SPDR Gold Shares in the 4th quarter valued at about $31,000. PayPay Securities Corp grew 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 valued at $32,000 after buying an additional 47 shares during the period. Capital Performance Advisors LLP purchased a new stake in SPDR Gold Shares in the 3rd quarter valued at about $35,000. Finally, Pittenger & Anderson Inc. purchased a new stake in SPDR Gold Shares in the 3rd quarter valued at about $38,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD opened at $266.74 on Tuesday. The stock has a market capitalization of $80.18 billion, a price-to-earnings ratio of -28.59 and a beta of 0.20. The business has a 50-day moving average of $256.08 and a two-hundred day moving average of $247.23. SPDR Gold Shares has a 12 month low of $193.88 and a 12 month high of $272.32.

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).