Cloverfields Capital Group LP Reduces Stock Position in SPDR Gold Shares $GLD

Cloverfields Capital Group LP lessened its stake in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 33.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,697 shares of the exchange traded fund’s stock after selling 6,349 shares during the quarter. SPDR Gold Shares comprises about 1.8% of Cloverfields Capital Group LP’s holdings, making the stock its 17th largest holding. Cloverfields Capital Group LP’s holdings in SPDR Gold Shares were worth $5,463,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WPG Advisers LLC acquired a new stake in shares of SPDR Gold Shares during the 4th quarter worth approximately $25,000. Chapman Financial Group LLC acquired a new position in SPDR Gold Shares in the second quarter valued at approximately $26,000. Timmons Wealth Management LLC acquired a new position in SPDR Gold Shares in the fourth quarter valued at approximately $26,000. Eukles Asset Management purchased a new position in SPDR Gold Shares in the fourth quarter worth approximately $27,000. Finally, Private Wealth Management Group LLC purchased a new position in SPDR Gold Shares in the first quarter worth approximately $30,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

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SPDR Gold Shares Trading Down 2.0%

Shares of NYSEARCA:GLD opened at $371.52 on Friday. The business has a 50-day moving average price of $389.10 and a 200 day moving average price of $424.19. The company has a market capitalization of $130.92 billion, a price-to-earnings ratio of -32.43 and a beta of 0.17. SPDR Gold Shares has a 12-month low of $300.95 and a 12-month high of $509.70.

SPDR Gold Shares Company Profile

(Free Report)

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). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.

Further Reading

Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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