E Fund Management Co. Ltd. decreased its holdings in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 16.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,016 shares of the exchange traded fund’s stock after selling 1,809 shares during the quarter. E Fund Management Co. Ltd.’s holdings in SPDR Gold Shares were worth $2,183,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in GLD. Ashton Thomas Securities LLC acquired a new stake in shares of SPDR Gold Shares in the 3rd quarter worth $28,000. Roxbury Financial LLC acquired a new stake in SPDR Gold Shares during the 4th quarter worth about $31,000. PayPay Securities Corp lifted its position in SPDR Gold Shares by 55.3% during the 4th quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 47 shares during the period. Capital Performance Advisors LLP acquired a new stake in SPDR Gold Shares during the 3rd quarter worth about $35,000. Finally, Keystone Financial Group Inc. acquired a new stake in SPDR Gold Shares during the 4th quarter worth about $39,000. Institutional investors and hedge funds own 42.19% of the company’s stock.
SPDR Gold Shares Stock Performance
Shares of GLD opened at $268.25 on Friday. The stock has a 50-day moving average of $257.70 and a two-hundred day moving average of $247.79. SPDR Gold Shares has a one year low of $198.91 and a one year high of $272.32. The stock has a market cap of $80.64 billion, a P/E ratio of -28.59 and a beta of 0.20.
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).
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