Traders bought shares of SPDR Gold Trust (NYSEARCA:GLD) on weakness during trading on Tuesday. $93.09 million flowed into the stock on the tick-up and $58.37 million flowed out of the stock on the tick-down, for a money net flow of $34.72 million into the stock. Of all companies tracked, SPDR Gold Trust had the 13th highest net in-flow for the day. SPDR Gold Trust traded down ($0.56) for the day and closed at $124.31

Separately, Standpoint Research boosted their price target on SPDR Gold Trust to $28,000.00 in a report on Thursday, December 7th.

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The stock has a market cap of $35,300.00 and a price-to-earnings ratio of -14.54.

Several hedge funds have recently added to or reduced their stakes in the company. Venturi Wealth Management LLC increased its holdings in shares of SPDR Gold Trust by 3.3% during the 4th quarter. Venturi Wealth Management LLC now owns 12,616 shares of the exchange traded fund’s stock worth $1,560,000 after buying an additional 399 shares during the last quarter. Clarkston Capital Partners LLC increased its holdings in shares of SPDR Gold Trust by 22.0% during the 4th quarter. Clarkston Capital Partners LLC now owns 2,220 shares of the exchange traded fund’s stock worth $275,000 after buying an additional 400 shares during the last quarter. Horrell Capital Management Inc. increased its holdings in shares of SPDR Gold Trust by 25.2% during the 4th quarter. Horrell Capital Management Inc. now owns 1,985 shares of the exchange traded fund’s stock worth $245,000 after buying an additional 400 shares during the last quarter. Guardian Capital Advisors LP increased its holdings in shares of SPDR Gold Trust by 12.2% during the 4th quarter. Guardian Capital Advisors LP now owns 3,676 shares of the exchange traded fund’s stock worth $465,000 after buying an additional 400 shares during the last quarter. Finally, Modera Wealth Management LLC increased its holdings in shares of SPDR Gold Trust by 8.5% during the 4th quarter. Modera Wealth Management LLC now owns 5,255 shares of the exchange traded fund’s stock worth $650,000 after buying an additional 410 shares during the last quarter.

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SPDR Gold Trust 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).

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