Tocqueville Asset Management L.P. Reduces Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Tocqueville Asset Management L.P. reduced its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 0.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,767 shares of the exchange traded fund’s stock after selling 120 shares during the period. Tocqueville Asset Management L.P.’s holdings in SPDR Gold Shares were worth $16,408,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Clarus Group Inc. lifted its position in shares of SPDR Gold Shares by 2.2% during the 4th quarter. Clarus Group Inc. now owns 1,825 shares of the exchange traded fund’s stock valued at $442,000 after buying an additional 40 shares in the last quarter. Kellett Wealth Advisors LLC raised its stake in SPDR Gold Shares by 3.6% during the 4th quarter. Kellett Wealth Advisors LLC now owns 1,160 shares of the exchange traded fund’s stock worth $281,000 after acquiring an additional 40 shares during the period. Magnus Financial Group LLC lifted its holdings in SPDR Gold Shares by 0.6% during the fourth quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock valued at $1,780,000 after purchasing an additional 41 shares in the last quarter. Pittenger & Anderson Inc. boosted its position in shares of SPDR Gold Shares by 25.9% in the fourth quarter. Pittenger & Anderson Inc. now owns 199 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 41 shares during the period. Finally, Smartleaf Asset Management LLC increased its stake in shares of SPDR Gold Shares by 2.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,533 shares of the exchange traded fund’s stock worth $369,000 after purchasing an additional 41 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Performance

GLD opened at $276.73 on Tuesday. The stock has a market cap of $83.19 billion, a price-to-earnings ratio of -29.30 and a beta of 0.20. The firm’s fifty day moving average is $261.76 and its 200 day moving average is $249.96. SPDR Gold Shares has a fifty-two week low of $198.94 and a fifty-two week high of $279.26.

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).