Union Bancaire Privee UBP SA Trims Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Union Bancaire Privee UBP SA decreased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 50.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,441 shares of the exchange traded fund’s stock after selling 17,894 shares during the period. Union Bancaire Privee UBP SA’s holdings in SPDR Gold Shares were worth $4,756,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp acquired a new stake in shares of SPDR Gold Shares in the 4th quarter worth $26,000. Roxbury Financial LLC acquired a new stake in SPDR Gold Shares in the fourth quarter valued at about $31,000. PayPay Securities Corp boosted 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 purchasing an additional 47 shares in the last quarter. Compass Planning Associates Inc purchased a new stake in SPDR Gold Shares in the 4th quarter valued at approximately $39,000. Finally, American National Bank & Trust increased its position in SPDR Gold Shares by 189.4% during the 1st quarter. American National Bank & Trust now owns 191 shares of the exchange traded fund’s stock worth $55,000 after purchasing an additional 125 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.5%

Shares of GLD stock opened at $308.37 on Thursday. The stock has a 50 day simple moving average of $301.98 and a 200-day simple moving average of $273.69. The company has a market cap of $100.84 billion, a price-to-earnings ratio of -32.43 and a beta of 0.11. SPDR Gold Shares has a 12-month low of $212.12 and a 12-month high of $317.63.

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).