Moors & Cabot Inc. Sells 1,225 Shares of SPDR Gold Shares $GLD

Moors & Cabot Inc. cut its stake in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 8.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,524 shares of the exchange traded fund’s stock after selling 1,225 shares during the quarter. Moors & Cabot Inc.’s holdings in SPDR Gold Shares were worth $5,360,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Calder Financial LLC acquired a new stake in SPDR Gold Shares in the fourth quarter valued at approximately $807,000. Empirical Asset Management LLC lifted its holdings in shares of SPDR Gold Shares by 256.7% in the 3rd quarter. Empirical Asset Management LLC now owns 36,404 shares of the exchange traded fund’s stock worth $12,941,000 after purchasing an additional 26,197 shares in the last quarter. Colonial Trust Advisors lifted its holdings in shares of SPDR Gold Shares by 7.6% in the 3rd quarter. Colonial Trust Advisors now owns 19,720 shares of the exchange traded fund’s stock worth $7,010,000 after purchasing an additional 1,385 shares in the last quarter. Ervin Investment Management LLC acquired a new stake in SPDR Gold Shares in the 4th quarter valued at $7,178,000. Finally, MB Generational Wealth LLC acquired a new position in SPDR Gold Shares during the third quarter worth $407,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

Key Stories Impacting SPDR Gold Shares

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SPDR Gold Shares Trading Up 1.0%

SPDR Gold Shares stock opened at $412.77 on Friday. The firm has a market capitalization of $150.12 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. The firm’s fifty day moving average price is $425.81 and its two-hundred day moving average price is $426.34. SPDR Gold Shares has a 1-year low of $299.89 and a 1-year high of $509.70.

SPDR Gold Shares Company Profile

(Free Report)

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). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.

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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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