SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by Main Street Financial Solutions LLC

Main Street Financial Solutions LLC reduced its position in SPDR Gold Shares (NYSEARCA:GLD) by 55.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,538 shares of the exchange traded fund’s stock after selling 4,405 shares during the quarter. Main Street Financial Solutions LLC’s holdings in SPDR Gold Shares were worth $857,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Murphy & Mullick Capital Management Corp acquired a new stake in SPDR Gold Shares during the 4th quarter worth approximately $26,000. Roxbury Financial LLC purchased a new stake in shares of SPDR Gold Shares during the fourth quarter worth approximately $31,000. PayPay Securities Corp raised its stake in shares of SPDR Gold Shares by 55.3% during the fourth quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 47 shares during the last quarter. Compass Planning Associates Inc purchased a new position in SPDR Gold Shares in the 4th quarter valued at $39,000. Finally, Keystone Financial Group Inc. acquired a new position in SPDR Gold Shares in the 4th quarter valued at $39,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

Shares of SPDR Gold Shares stock opened at $307.47 on Thursday. The company has a market cap of $92.43 billion, a P/E ratio of -30.67 and a beta of 0.17. The firm has a fifty day moving average of $276.79 and a two-hundred day moving average of $257.62. SPDR Gold Shares has a one year low of $210.71 and a one year high of $308.39.

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).