SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by United Capital Management of KS Inc.

United Capital Management of KS Inc. lowered its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 64.2% during the fourth quarter, Holdings Channel reports. The fund owned 1,170 shares of the exchange traded fund’s stock after selling 2,095 shares during the quarter. United Capital Management of KS Inc.’s holdings in SPDR Gold Shares were worth $283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GLD. Proficio Capital Partners LLC increased its stake in shares of SPDR Gold Shares by 24,245.2% in the fourth quarter. Proficio Capital Partners LLC now owns 60,753,703 shares of the exchange traded fund’s stock worth $14,710,294,000 after acquiring an additional 60,504,152 shares during the period. Raymond James Financial Inc. purchased a new stake in SPDR Gold Shares during the fourth quarter worth $450,109,000. Wealthfront Advisers LLC boosted its holdings in SPDR Gold Shares by 1,374.2% during the fourth quarter. Wealthfront Advisers LLC now owns 1,121,579 shares of the exchange traded fund’s stock worth $271,568,000 after buying an additional 1,045,499 shares in the last quarter. Strategic Financial Concepts LLC boosted its holdings in SPDR Gold Shares by 24,600.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 608,876 shares of the exchange traded fund’s stock worth $147,427,000 after buying an additional 606,411 shares in the last quarter. Finally, Diversify Advisory Services LLC boosted its holdings in SPDR Gold Shares by 446.0% during the fourth quarter. Diversify Advisory Services LLC now owns 239,355 shares of the exchange traded fund’s stock worth $59,410,000 after buying an additional 195,520 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $275.24 on Friday. The company’s fifty day moving average price is $261.08 and its 200 day moving average price is $249.42. SPDR Gold Shares has a 1 year low of $198.94 and a 1 year high of $276.30. The company has a market capitalization of $82.74 billion, a PE ratio of -28.59 and a beta of 0.20.

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).