Westover Capital Advisors LLC Lowers Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Westover Capital Advisors LLC reduced its position in SPDR Gold Shares (NYSEARCA:GLD) by 1.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 54,272 shares of the exchange traded fund’s stock after selling 599 shares during the period. SPDR Gold Shares accounts for approximately 2.9% of Westover Capital Advisors LLC’s portfolio, making the stock its 7th largest holding. Westover Capital Advisors LLC’s holdings in SPDR Gold Shares were worth $13,141,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GLD. Ashton Thomas Securities LLC bought a new stake in shares of SPDR Gold Shares during the third quarter valued at about $28,000. Roxbury Financial LLC bought a new stake in shares of SPDR Gold Shares during the fourth quarter valued at about $31,000. PayPay Securities Corp increased its position in shares of SPDR Gold Shares by 55.3% during the fourth quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock valued at $32,000 after buying an additional 47 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of SPDR Gold Shares during the third quarter valued at about $35,000. Finally, Pittenger & Anderson Inc. bought a new stake in shares of SPDR Gold Shares during the third quarter valued at about $38,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Up 1.3 %

Shares of GLD opened at $266.74 on Tuesday. The business’s 50-day moving average price is $256.08 and its 200-day moving average price is $247.23. SPDR Gold Shares has a twelve month low of $193.88 and a twelve month high of $272.32. The stock has a market cap of $80.18 billion, a PE ratio of -28.59 and a beta of 0.20.

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).