Citizens Financial Group Inc. RI Sells 778 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Citizens Financial Group Inc. RI lowered its position in SPDR Gold Shares (NYSEARCA:GLD) by 4.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,832 shares of the exchange traded fund’s stock after selling 778 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in SPDR Gold Shares were worth $4,560,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in shares of SPDR Gold Shares during the 3rd quarter worth $28,000. Roxbury Financial LLC purchased a new stake in SPDR Gold Shares in the fourth quarter worth about $31,000. PayPay Securities Corp grew its holdings in SPDR Gold Shares by 55.3% during the 4th quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 47 shares in the last quarter. Keystone Financial Group Inc. purchased a new position in SPDR Gold Shares during the 4th quarter valued at about $39,000. Finally, Compass Planning Associates Inc purchased a new position in SPDR Gold Shares during the 4th quarter valued at about $39,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $269.16 on Wednesday. The company has a 50 day moving average price of $259.29 and a 200-day moving average price of $248.79. SPDR Gold Shares has a fifty-two week low of $198.94 and a fifty-two week high of $272.32. The stock has a market capitalization of $80.91 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).