Wintrust Investments LLC Cuts Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Wintrust Investments LLC trimmed its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 39.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 450 shares of the exchange traded fund’s stock after selling 289 shares during the quarter. Wintrust Investments LLC’s holdings in SPDR Gold Shares were worth $109,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of GLD. Clarus Group Inc. increased its position in shares of SPDR Gold Shares by 2.2% during the fourth quarter. Clarus Group Inc. now owns 1,825 shares of the exchange traded fund’s stock worth $442,000 after purchasing an additional 40 shares in the last quarter. Kellett Wealth Advisors LLC increased its position in shares of SPDR Gold Shares by 3.6% during the fourth quarter. Kellett Wealth Advisors LLC now owns 1,160 shares of the exchange traded fund’s stock worth $281,000 after purchasing an additional 40 shares in the last quarter. Magnus Financial Group LLC increased its position in shares of 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 worth $1,780,000 after purchasing an additional 41 shares in the last quarter. Pittenger & Anderson Inc. increased its position in shares of SPDR Gold Shares by 25.9% during 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 in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in shares of SPDR Gold Shares by 2.7% during 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 owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 1.8 %

Shares of GLD stock opened at $275.13 on Friday. The business’s fifty day simple moving average is $260.45 and its 200-day simple moving average is $249.12. The company has a market cap of $82.70 billion, a PE ratio of -28.59 and a beta of 0.20. SPDR Gold Shares has a 12-month low of $198.94 and a 12-month high of $276.38.

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).