Main Street Financial Solutions LLC Cuts Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Main Street Financial Solutions LLC lessened its stake in SPDR Gold Shares (NYSEARCA:GLD) by 55.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,538 shares of the exchange traded fund’s stock after selling 4,405 shares during the quarter. Main Street Financial Solutions LLC’s holdings in SPDR Gold Shares were worth $857,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in GLD. Murphy & Mullick Capital Management Corp acquired a new stake in shares of SPDR Gold Shares in the 4th quarter valued at $26,000. Roxbury Financial LLC acquired a new stake in SPDR Gold Shares in the fourth quarter valued at $31,000. PayPay Securities Corp boosted its position in shares of 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 shares of SPDR Gold Shares in the 4th quarter valued at about $39,000. Finally, Compass Planning Associates Inc acquired a new stake in shares of SPDR Gold Shares during the 4th quarter worth about $39,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Up 3.3 %

Shares of GLD opened at $307.47 on Thursday. The company has a market capitalization of $92.43 billion, a price-to-earnings ratio of -30.67 and a beta of 0.17. SPDR Gold Shares has a 52-week low of $210.71 and a 52-week high of $308.39. The stock has a 50 day moving average price of $276.79 and a 200 day moving average price of $257.62.

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).