CoreCap Advisors LLC Reduces Holdings in SPDR Gold Shares (NYSEARCA:GLD)

CoreCap Advisors LLC trimmed its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 7.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,314 shares of the exchange traded fund’s stock after selling 2,491 shares during the quarter. CoreCap Advisors LLC’s holdings in SPDR Gold Shares were worth $7,098,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GLD. Franklin Resources Inc. grew its holdings in SPDR Gold Shares by 5.6% during the third quarter. Franklin Resources Inc. now owns 104,751 shares of the exchange traded fund’s stock valued at $25,671,000 after purchasing an additional 5,579 shares during the period. Diversified Trust Co grew its stake in shares of SPDR Gold Shares by 4.0% during the 4th quarter. Diversified Trust Co now owns 4,009 shares of the exchange traded fund’s stock valued at $971,000 after acquiring an additional 155 shares during the period. Bath Savings Trust Co grew its stake in shares of SPDR Gold Shares by 1.0% during the 4th quarter. Bath Savings Trust Co now owns 11,803 shares of the exchange traded fund’s stock valued at $2,858,000 after acquiring an additional 120 shares during the period. Birch Capital Management LLC purchased a new stake in SPDR Gold Shares in the 4th quarter worth approximately $130,000. Finally, Range Financial Group LLC raised its stake in SPDR Gold Shares by 7.0% during the 4th quarter. Range Financial Group LLC now owns 2,233 shares of the exchange traded fund’s stock worth $541,000 after acquiring an additional 146 shares during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

GLD opened at $315.48 on Wednesday. The company has a 50 day simple moving average of $287.34 and a two-hundred day simple moving average of $263.67. The firm has a market cap of $94.83 billion, a P/E ratio of -32.58 and a beta of 0.17. SPDR Gold Shares has a 1-year low of $211.54 and a 1-year high of $317.63.

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).