Bay Colony Advisory Group Inc d b a Bay Colony Advisors Cuts Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors decreased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 7.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,050 shares of the exchange traded fund’s stock after selling 2,248 shares during the quarter. SPDR Gold Shares makes up 0.9% of Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ investment portfolio, making the stock its 19th biggest holding. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in SPDR Gold Shares were worth $6,307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of GLD. Ashton Thomas Securities LLC acquired a new position in shares of SPDR Gold Shares during the 3rd quarter worth about $28,000. Roxbury Financial LLC acquired a new position in shares of SPDR Gold Shares during the 4th quarter worth about $31,000. PayPay Securities Corp boosted its position in shares of 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 in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of SPDR Gold Shares during the 3rd quarter worth about $35,000. Finally, Keystone Financial Group Inc. acquired a new position in shares of SPDR Gold Shares during the 4th quarter worth about $39,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $268.25 on Friday. The stock has a 50-day simple moving average of $257.70 and a 200-day simple moving average of $247.79. 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 has a 1 year low of $198.91 and a 1 year high of $272.32.

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).