Investors Sell Shares of SPDR Gold Trust (GLD) on Strength (GLD)

Traders sold shares of SPDR Gold Trust (NYSEARCA:GLD) on strength during trading hours on Monday. $196.88 million flowed into the stock on the tick-up and $434.15 million flowed out of the stock on the tick-down, for a money net flow of $237.27 million out of the stock. Of all stocks tracked, SPDR Gold Trust had the 2nd highest net out-flow for the day. SPDR Gold Trust traded up $0.32 for the day and closed at $126.71

Separately, Standpoint Research boosted their price objective on SPDR Gold Trust to $28,000.00 in a research note on Thursday, December 7th.

The firm has a market capitalization of $36,340.00 and a P/E ratio of -14.56.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Modera Wealth Management LLC raised its stake in shares of SPDR Gold Trust by 8.5% in the 4th quarter. Modera Wealth Management LLC now owns 5,255 shares of the exchange traded fund’s stock worth $650,000 after buying an additional 410 shares in the last quarter. Bank of The West raised its stake in shares of SPDR Gold Trust by 6.6% in the 4th quarter. Bank of The West now owns 49,636 shares of the exchange traded fund’s stock worth $6,137,000 after buying an additional 3,056 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in shares of SPDR Gold Trust by 219.4% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,900 shares of the exchange traded fund’s stock worth $1,224,000 after purchasing an additional 6,800 shares during the period. Strategic Financial Services Inc raised its position in shares of SPDR Gold Trust by 0.8% during the fourth quarter. Strategic Financial Services Inc now owns 143,576 shares of the exchange traded fund’s stock worth $17,753,000 after purchasing an additional 1,075 shares during the period. Finally, First Mercantile Trust Co. raised its position in shares of SPDR Gold Trust by 29.7% during the fourth quarter. First Mercantile Trust Co. now owns 13,503 shares of the exchange traded fund’s stock worth $1,670,000 after purchasing an additional 3,094 shares during the period.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by Stock Observer and is the sole property of of Stock Observer. If you are accessing this piece on another site, it was illegally copied and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this piece can be viewed at https://www.thestockobserver.com/2018/02/06/investors-sell-shares-of-spdr-gold-trust-gld-on-strength-gld.html.

About SPDR Gold Trust

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).

Receive News & Ratings for SPDR Gold Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply