SPDR Gold Shares (NYSEARCA:GLD) Holdings Trimmed by Provident Wealth Management LLC

Provident Wealth Management LLC lessened its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 22.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,109 shares of the exchange traded fund’s stock after selling 618 shares during the quarter. Provident Wealth Management LLC’s holdings in SPDR Gold Shares were worth $511,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of GLD. Strategic Financial Concepts LLC grew its stake in SPDR Gold Shares by 24,600.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 608,876 shares of the exchange traded fund’s stock valued at $147,427,000 after acquiring an additional 606,411 shares in the last quarter. Diversify Advisory Services LLC boosted its holdings in shares of 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 purchasing an additional 195,520 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in SPDR Gold Shares by 47.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 454,153 shares of the exchange traded fund’s stock valued at $110,386,000 after purchasing an additional 146,271 shares in the last quarter. Banco Santander S.A. increased its stake in SPDR Gold Shares by 245.1% in the 3rd quarter. Banco Santander S.A. now owns 160,721 shares of the exchange traded fund’s stock valued at $39,065,000 after buying an additional 114,151 shares during the period. Finally, Stifel Financial Corp lifted its position in SPDR Gold Shares by 13.9% in the 3rd quarter. Stifel Financial Corp now owns 822,531 shares of the exchange traded fund’s stock worth $199,924,000 after buying an additional 100,149 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 1.3 %

Shares of NYSEARCA:GLD opened at $268.62 on Wednesday. SPDR Gold Shares has a 12-month low of $187.53 and a 12-month high of $272.32. The firm has a market capitalization of $80.75 billion, a P/E ratio of -28.59 and a beta of 0.20. The firm has a fifty day moving average of $254.04 and a two-hundred day moving average of $246.15.

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).