Thornburg Investment Management Inc. Trims Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Thornburg Investment Management Inc. reduced its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 66.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,768 shares of the exchange traded fund’s stock after selling 3,550 shares during the quarter. Thornburg Investment Management Inc.’s holdings in SPDR Gold Shares were worth $428,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Salus Financial Advisors LLC bought a new position in SPDR Gold Shares during the fourth quarter worth $1,710,000. Sentinus LLC bought a new position in SPDR Gold Shares during the fourth quarter worth $243,000. Snowden Capital Advisors LLC lifted its stake in SPDR Gold Shares by 4.9% during the fourth quarter. Snowden Capital Advisors LLC now owns 46,943 shares of the exchange traded fund’s stock worth $11,366,000 after purchasing an additional 2,214 shares during the last quarter. Shepherd Kaplan Krochuk LLC lifted its stake in SPDR Gold Shares by 25.5% during the fourth quarter. Shepherd Kaplan Krochuk LLC now owns 1,245 shares of the exchange traded fund’s stock worth $301,000 after purchasing an additional 253 shares during the last quarter. Finally, Polar Asset Management Partners Inc. bought a new position in SPDR Gold Shares during the fourth quarter worth $4,226,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

Shares of GLD opened at $294.24 on Monday. The business’s fifty day moving average price is $292.63 and its 200 day moving average price is $266.37. SPDR Gold Shares has a 12-month low of $211.54 and a 12-month high of $317.63. The stock has a market capitalization of $88.45 billion, a PE ratio of -32.43 and a beta of 0.12.

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).