Compass Ion Advisors LLC Has $2.06 Million Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Compass Ion Advisors LLC lessened its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 8,521 shares of the exchange traded fund’s stock after selling 117 shares during the quarter. Compass Ion Advisors LLC’s holdings in SPDR Gold Shares were worth $2,063,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of GLD. GSA Capital Partners LLP acquired a new stake in SPDR Gold Shares during the 3rd quarter worth $564,000. CIBC Asset Management Inc grew its holdings in shares of SPDR Gold Shares by 39.8% in the 3rd quarter. CIBC Asset Management Inc now owns 3,986 shares of the exchange traded fund’s stock valued at $969,000 after buying an additional 1,134 shares during the period. Thrivent Financial for Lutherans grew its holdings in shares of SPDR Gold Shares by 6.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 81,301 shares of the exchange traded fund’s stock valued at $19,762,000 after buying an additional 5,111 shares during the period. Quest Partners LLC acquired a new position in shares of SPDR Gold Shares in the 3rd quarter valued at $1,215,000. Finally, Strengthening Families & Communities LLC grew its holdings in shares of SPDR Gold Shares by 13.8% in the 3rd quarter. Strengthening Families & Communities LLC now owns 1,440 shares of the exchange traded fund’s stock valued at $350,000 after buying an additional 175 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.2 %

Shares of GLD stock opened at $279.96 on Wednesday. SPDR Gold Shares has a 12-month low of $198.94 and a 12-month high of $280.22. The firm has a market capitalization of $84.16 billion, a price-to-earnings ratio of -29.30 and a beta of 0.20. The firm has a fifty day moving average of $262.46 and a 200-day moving average of $250.30.

About SPDR Gold Shares

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).