SPDR Gold Shares (NYSEARCA:GLD) Shares Sold by WESCAP Management Group Inc.

WESCAP Management Group Inc. reduced its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 25.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,209 shares of the exchange traded fund’s stock after selling 1,119 shares during the period. WESCAP Management Group Inc.’s holdings in SPDR Gold Shares were worth $777,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in GLD. Murphy & Mullick Capital Management Corp bought a new stake in SPDR Gold Shares in the fourth quarter valued at about $26,000. Roxbury Financial LLC acquired a new position in shares of SPDR Gold Shares in the 4th quarter worth approximately $31,000. PayPay Securities Corp increased its holdings in shares of SPDR Gold Shares by 55.3% in the 4th quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 47 shares during the last quarter. Keystone Financial Group Inc. acquired a new stake in shares of SPDR Gold Shares during the 4th quarter valued at approximately $39,000. Finally, Compass Planning Associates Inc bought a new position in SPDR Gold Shares during the fourth quarter worth $39,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

SPDR Gold Shares stock opened at $287.57 on Wednesday. The company has a market cap of $86.44 billion, a PE ratio of -30.67 and a beta of 0.17. SPDR Gold Shares has a 12 month low of $208.36 and a 12 month high of $289.13. The company has a fifty day moving average price of $269.11 and a two-hundred day moving average price of $253.75.

About SPDR Gold Shares

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).