Centric Wealth Management Decreases Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Centric Wealth Management lessened its stake in SPDR Gold Shares (NYSEARCA:GLD) by 0.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,583 shares of the exchange traded fund’s stock after selling 69 shares during the quarter. Centric Wealth Management’s holdings in SPDR Gold Shares were worth $2,563,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. National Wealth Management Group LLC grew its stake in SPDR Gold Shares by 17.4% during the 4th quarter. National Wealth Management Group LLC now owns 6,397 shares of the exchange traded fund’s stock valued at $1,549,000 after acquiring an additional 946 shares in the last quarter. Nemes Rush Group LLC grew its position in SPDR Gold Shares by 14.0% in the fourth quarter. Nemes Rush Group LLC now owns 2,440 shares of the exchange traded fund’s stock worth $591,000 after acquiring an additional 300 shares during the period. StoneX Group Inc. lifted its stake in shares of SPDR Gold Shares by 31.0% in the 4th quarter. StoneX Group Inc. now owns 22,654 shares of the exchange traded fund’s stock valued at $5,485,000 after purchasing an additional 5,358 shares during the last quarter. Tradewinds LLC. grew its holdings in shares of SPDR Gold Shares by 21.2% during the 4th quarter. Tradewinds LLC. now owns 4,624 shares of the exchange traded fund’s stock worth $1,239,000 after purchasing an additional 808 shares during the period. Finally, HighPoint Advisor Group LLC acquired a new stake in shares of SPDR Gold Shares during the 4th quarter worth about $283,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Up 1.4 %

Shares of GLD opened at $288.14 on Tuesday. The company’s 50-day moving average price is $268.42 and its 200 day moving average price is $253.41. SPDR Gold Shares has a 12-month low of $206.29 and a 12-month high of $289.45. The firm has a market cap of $86.61 billion, a P/E ratio of -30.67 and a beta of 0.17.

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).