Steel Grove Capital Advisors LLC Sells 935 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Steel Grove Capital Advisors LLC cut its stake in SPDR Gold Shares (NYSEARCA:GLD) by 40.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,380 shares of the exchange traded fund’s stock after selling 935 shares during the quarter. Steel Grove Capital Advisors LLC’s holdings in SPDR Gold Shares were worth $334,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Murphy & Mullick Capital Management Corp bought a new stake in shares of SPDR Gold Shares in the fourth quarter valued at approximately $26,000. Roxbury Financial LLC bought a new stake in shares of SPDR Gold Shares during the 4th quarter valued at $31,000. PayPay Securities Corp grew its holdings 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 purchasing an additional 47 shares in the last quarter. Keystone Financial Group Inc. bought a new position in shares of SPDR Gold Shares in the fourth quarter worth $39,000. Finally, Compass Planning Associates Inc acquired a new position in SPDR Gold Shares in the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 1.4 %

Shares of NYSEARCA:GLD opened at $311.11 on Wednesday. The firm has a 50 day moving average of $280.09 and a 200-day moving average of $259.50. SPDR Gold Shares has a 12 month low of $210.71 and a 12 month high of $317.63. The stock has a market capitalization of $93.52 billion, a PE ratio of -32.58 and a beta of 0.17.

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).