SPDR Gold Shares $GLD Shares Sold by Wells Financial Advisors INC

Wells Financial Advisors INC trimmed its holdings in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 22.7% during the fourth quarter, Holdings Channel reports. The firm owned 9,893 shares of the exchange traded fund’s stock after selling 2,899 shares during the quarter. SPDR Gold Shares comprises about 7.5% of Wells Financial Advisors INC’s holdings, making the stock its 3rd largest position. Wells Financial Advisors INC’s holdings in SPDR Gold Shares were worth $3,921,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in GLD. WPG Advisers LLC acquired a new stake in SPDR Gold Shares in the fourth quarter worth $25,000. Hopwood Financial Services Inc. acquired a new position in shares of SPDR Gold Shares during the third quarter valued at about $27,000. Vestwell Advisors LLC bought a new position in shares of SPDR Gold Shares during the 3rd quarter worth about $27,000. USA Financial Formulas bought a new position in shares of SPDR Gold Shares during the 4th quarter worth about $31,000. Finally, Chapman Financial Group LLC acquired a new stake in shares of SPDR Gold Shares in the 2nd quarter valued at about $26,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock opened at $423.66 on Friday. The business has a 50-day simple moving average of $444.17 and a 200 day simple moving average of $419.90. SPDR Gold Shares has a one year low of $291.78 and a one year high of $509.70. The firm has a market capitalization of $155.19 billion, a price-to-earnings ratio of -32.43 and a beta of 0.20.

Key SPDR Gold Shares News

Here are the key news stories impacting SPDR Gold Shares this week:

About SPDR Gold Shares

(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.

Further Reading

Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLDFree Report).

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

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