Balanced Wealth Group LLC Sells 97 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Balanced Wealth Group LLC lowered its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,400 shares of the exchange traded fund’s stock after selling 97 shares during the quarter. SPDR Gold Shares makes up approximately 1.0% of Balanced Wealth Group LLC’s holdings, making the stock its 18th biggest holding. Balanced Wealth Group LLC’s holdings in SPDR Gold Shares were worth $2,172,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in GLD. Proficio Capital Partners LLC grew its holdings in SPDR Gold Shares by 24,245.2% during the 4th quarter. Proficio Capital Partners LLC now owns 60,753,703 shares of the exchange traded fund’s stock worth $14,710,294,000 after acquiring an additional 60,504,152 shares during the last quarter. Raymond James Financial Inc. bought a new stake in SPDR Gold Shares during the 4th quarter worth about $450,109,000. Wealthfront Advisers LLC grew its holdings in SPDR Gold Shares by 1,374.2% during the 4th quarter. Wealthfront Advisers LLC now owns 1,121,579 shares of the exchange traded fund’s stock worth $271,568,000 after acquiring an additional 1,045,499 shares during the last quarter. Strategic Financial Concepts LLC grew its holdings in SPDR Gold Shares by 24,600.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 608,876 shares of the exchange traded fund’s stock worth $147,427,000 after acquiring an additional 606,411 shares during the last quarter. Finally, Diversify Advisory Services LLC grew its holdings in SPDR Gold Shares by 446.0% during the 4th quarter. Diversify Advisory Services LLC now owns 239,355 shares of the exchange traded fund’s stock worth $59,410,000 after acquiring an additional 195,520 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.4 %

SPDR Gold Shares stock opened at $270.33 on Thursday. SPDR Gold Shares has a 1 year low of $198.94 and a 1 year high of $272.32. The company has a market cap of $81.26 billion, a PE ratio of -28.59 and a beta of 0.20. The company’s 50-day moving average is $259.86 and its two-hundred day 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).