Harbour Investments Inc. Sells 5,038 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Harbour Investments Inc. reduced its position in SPDR Gold Shares (NYSEARCA:GLD) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,073 shares of the exchange traded fund’s stock after selling 5,038 shares during the quarter. Harbour Investments Inc.’s holdings in SPDR Gold Shares were worth $15,030,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Roxbury Financial LLC bought a new stake in shares of SPDR Gold Shares in the fourth quarter valued at about $31,000. PayPay Securities Corp raised its holdings in shares of SPDR Gold Shares by 55.3% in the fourth 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 in the last quarter. Keystone Financial Group Inc. bought a new stake in shares of SPDR Gold Shares in the fourth quarter valued at about $39,000. Compass Planning Associates Inc bought a new stake in shares of SPDR Gold Shares in the fourth quarter valued at about $39,000. Finally, SOA Wealth Advisors LLC. raised its holdings in shares of SPDR Gold Shares by 54.0% in the third quarter. SOA Wealth Advisors LLC. now owns 194 shares of the exchange traded fund’s stock valued at $47,000 after acquiring an additional 68 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

GLD opened at $275.24 on Friday. The business’s 50-day moving average is $261.08 and its two-hundred day moving average is $249.53. SPDR Gold Shares has a 1 year low of $198.94 and a 1 year high of $276.30. The firm has a market capitalization of $82.74 billion, a PE ratio of -29.30 and a beta of 0.20.

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).