SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Penobscot Wealth Management

Penobscot Wealth Management lowered its stake in SPDR Gold Shares (NYSEARCA:GLD) by 4.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,319 shares of the exchange traded fund’s stock after selling 58 shares during the period. Penobscot Wealth Management’s holdings in SPDR Gold Shares were worth $319,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new stake in SPDR Gold Shares in the 3rd quarter valued at about $28,000. Roxbury Financial LLC acquired a new stake in SPDR Gold Shares in the 4th quarter valued at about $31,000. PayPay Securities Corp raised its position 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. Keystone Financial Group Inc. acquired a new stake in SPDR Gold Shares in the 4th quarter valued at about $39,000. Finally, Compass Planning Associates Inc purchased a new position in shares of SPDR Gold Shares in the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD opened at $270.33 on Thursday. SPDR Gold Shares has a one year low of $198.94 and a one year high of $272.32. The company has a market cap of $81.26 billion, a P/E ratio of -28.59 and a beta of 0.20. The business’s 50-day simple moving average is $259.86 and its 200-day simple moving average is $248.94.

SPDR Gold Shares 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).