Motco Cuts Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Motco decreased its position in SPDR Gold Shares (NYSEARCA:GLD) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,802 shares of the exchange traded fund’s stock after selling 1,197 shares during the quarter. SPDR Gold Shares makes up approximately 1.2% of Motco’s portfolio, making the stock its 21st largest position. Motco’s holdings in SPDR Gold Shares were worth $12,059,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Clarus Group Inc. boosted its holdings in shares of SPDR Gold Shares by 2.2% in the 4th quarter. Clarus Group Inc. now owns 1,825 shares of the exchange traded fund’s stock worth $442,000 after buying an additional 40 shares during the last quarter. Kellett Wealth Advisors LLC raised its position in SPDR Gold Shares by 3.6% in the fourth quarter. Kellett Wealth Advisors LLC now owns 1,160 shares of the exchange traded fund’s stock worth $281,000 after acquiring an additional 40 shares during the period. Magnus Financial Group LLC boosted its stake in SPDR Gold Shares by 0.6% in the fourth quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock valued at $1,780,000 after acquiring an additional 41 shares during the last quarter. Pittenger & Anderson Inc. grew its position in shares of SPDR Gold Shares by 25.9% during the 4th quarter. Pittenger & Anderson Inc. now owns 199 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 41 shares during the period. Finally, Gradient Capital Advisors LLC increased its stake in shares of SPDR Gold Shares by 0.7% during the 4th quarter. Gradient Capital Advisors LLC now owns 5,743 shares of the exchange traded fund’s stock worth $1,391,000 after purchasing an additional 42 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 1.5 %

NYSEARCA:GLD opened at $264.93 on Friday. The firm’s 50 day moving average is $255.14 and its 200 day moving average is $246.43. SPDR Gold Shares has a 12 month low of $188.03 and a 12 month high of $272.32. The stock has a market capitalization of $79.64 billion, a PE ratio of -28.59 and a beta of 0.20.

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).