Sicart Associates LLC lessened its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 6.7% during the 3rd quarter, Holdings Channel reports. The firm owned 75,450 shares of the exchange traded fund’s stock after selling 5,448 shares during the period. SPDR Gold Shares comprises about 6.9% of Sicart Associates LLC’s portfolio, making the stock its 3rd biggest holding. Sicart Associates LLC’s holdings in SPDR Gold Shares were worth $28,823,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the company. SFE Investment Counsel grew its position in SPDR Gold Shares by 4.5% in the first quarter. SFE Investment Counsel now owns 585 shares of the exchange traded fund’s stock worth $252,000 after acquiring an additional 25 shares in the last quarter. Financial Management Professionals Inc. boosted its holdings in shares of SPDR Gold Shares by 0.6% in the second quarter. Financial Management Professionals Inc. now owns 4,414 shares of the exchange traded fund’s stock valued at $1,626,000 after purchasing an additional 27 shares during the period. Kraft Davis & Associates LLC grew its position in shares of SPDR Gold Shares by 0.6% during the 2nd quarter. Kraft Davis & Associates LLC now owns 4,595 shares of the exchange traded fund’s stock worth $1,714,000 after buying an additional 27 shares in the last quarter. Capital City Trust Co. FL increased its position in SPDR Gold Shares by 1.8% during the 2nd quarter. Capital City Trust Co. FL now owns 1,516 shares of the exchange traded fund’s stock valued at $558,000 after purchasing an additional 27 shares during the period. Finally, Peoples Bank KS increased its holdings in SPDR Gold Shares by 2.0% during the third quarter. Peoples Bank KS now owns 1,410 shares of the exchange traded fund’s stock valued at $537,000 after buying an additional 27 shares during the period. 42.19% of the stock is owned by institutional investors.
SPDR Gold Shares Price Performance
Shares of GLD stock opened at $355.78 on Monday. The company has a market cap of $130.18 billion, a P/E ratio of -32.43 and a beta of 0.18. The stock’s 50-day moving average is $390.57 and its 200 day moving average is $412.97. SPDR Gold Shares has a 1-year low of $354.67 and a 1-year high of $509.70.
SPDR Gold Shares Company 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). 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.
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