MMA Asset Management LLC Cuts Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

MMA Asset Management LLC reduced its position in SPDR Gold Shares (NYSEARCA:GLD) by 11.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,787 shares of the exchange traded fund’s stock after selling 1,947 shares during the quarter. SPDR Gold Shares accounts for about 1.6% of MMA Asset Management LLC’s holdings, making the stock its 18th largest holding. MMA Asset Management LLC’s holdings in SPDR Gold Shares were worth $3,580,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new position in shares of SPDR Gold Shares in the 3rd quarter worth about $28,000. Roxbury Financial LLC bought a new stake in shares of SPDR Gold Shares in the 4th quarter valued at about $31,000. PayPay Securities Corp lifted its stake in shares of 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 acquiring an additional 47 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of SPDR Gold Shares in the 3rd quarter valued at about $35,000. Finally, Pittenger & Anderson Inc. bought a new stake in shares of SPDR Gold Shares in the 3rd quarter valued at about $38,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Down 0.6 %

NYSEARCA GLD opened at $263.27 on Friday. SPDR Gold Shares has a 1-year low of $189.23 and a 1-year high of $272.32. The stock has a 50-day moving average of $255.57 and a 200-day moving average of $246.81. The firm has a market cap of $79.14 billion, a PE ratio of -28.59 and a beta of 0.20.

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).