Signature Estate & Investment Advisors LLC Has $1.16 Million Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Signature Estate & Investment Advisors LLC decreased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,793 shares of the exchange traded fund’s stock after selling 113 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in SPDR Gold Shares were worth $1,161,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Truvestments Capital LLC bought a new position in SPDR Gold Shares in the 3rd quarter worth approximately $85,000. Summit Financial Wealth Advisors LLC increased its stake in shares of SPDR Gold Shares by 5.4% in the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 4,159 shares of the exchange traded fund’s stock valued at $1,011,000 after buying an additional 213 shares during the period. Avestar Capital LLC bought a new stake in shares of SPDR Gold Shares during the third quarter worth $211,000. Townsquare Capital LLC lifted its stake in shares of SPDR Gold Shares by 10.2% during the third quarter. Townsquare Capital LLC now owns 19,969 shares of the exchange traded fund’s stock valued at $4,854,000 after acquiring an additional 1,846 shares during the period. Finally, Cynosure Group LLC lifted its stake in shares of SPDR Gold Shares by 125.5% during the third quarter. Cynosure Group LLC now owns 48,521 shares of the exchange traded fund’s stock valued at $11,794,000 after acquiring an additional 27,005 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.4 %

Shares of GLD stock opened at $278.47 on Wednesday. The firm has a market cap of $83.71 billion, a price-to-earnings ratio of -29.30 and a beta of 0.20. SPDR Gold Shares has a 12 month low of $201.07 and a 12 month high of $281.48. The stock has a 50-day moving average price of $265.73 and a 200 day moving average price of $252.00.

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).