Gallacher Capital Management LLC Trims Stake in SPDR Gold Shares (NYSEARCA:GLD)

Gallacher Capital Management LLC trimmed its position in SPDR Gold Shares (NYSEARCA:GLD) by 12.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 935 shares of the exchange traded fund’s stock after selling 133 shares during the quarter. Gallacher Capital Management LLC’s holdings in SPDR Gold Shares were worth $226,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Proficio Capital Partners LLC grew its stake in shares of SPDR Gold Shares by 24,245.2% during the fourth 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. purchased a new position in shares of SPDR Gold Shares during the 4th quarter valued at approximately $450,109,000. Wealthfront Advisers LLC increased its stake in shares of SPDR Gold Shares by 1,374.2% during the fourth quarter. Wealthfront Advisers LLC now owns 1,121,579 shares of the exchange traded fund’s stock worth $271,568,000 after purchasing an additional 1,045,499 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of SPDR Gold Shares by 3.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 980,065 shares of the exchange traded fund’s stock valued at $237,303,000 after acquiring an additional 32,712 shares in the last quarter. Finally, Stifel Financial Corp grew its holdings in shares of SPDR Gold Shares by 13.9% during the third quarter. Stifel Financial Corp now owns 822,531 shares of the exchange traded fund’s stock worth $199,924,000 after buying an additional 100,149 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.0 %

NYSEARCA GLD opened at $275.24 on Monday. SPDR Gold Shares has a 52 week low of $198.94 and a 52 week high of $276.30. The firm has a market cap of $82.74 billion, a PE ratio of -29.30 and a beta of 0.20. The business’s fifty day simple moving average is $261.08 and its 200-day simple moving average is $249.65.

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).