Columbus Macro LLC Sells 104 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Columbus Macro LLC trimmed its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.1% during the 1st quarter, Holdings Channel.com reports. The fund owned 3,242 shares of the exchange traded fund’s stock after selling 104 shares during the quarter. Columbus Macro LLC’s holdings in SPDR Gold Shares were worth $934,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Tallon Kerry Patrick purchased a new position in shares of SPDR Gold Shares in the fourth quarter valued at about $547,000. Ironwood Wealth Management LLC. grew its stake in shares of SPDR Gold Shares by 8.5% in the fourth quarter. Ironwood Wealth Management LLC. now owns 1,191 shares of the exchange traded fund’s stock worth $288,000 after purchasing an additional 93 shares during the last quarter. Brighton Jones LLC grew its stake in shares of SPDR Gold Shares by 20.4% in the fourth quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock worth $2,723,000 after purchasing an additional 1,903 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in SPDR Gold Shares during the 4th quarter valued at about $7,794,000. Finally, Ellis Investment Partners LLC purchased a new stake in SPDR Gold Shares in the 4th quarter worth approximately $203,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $311.78 on Tuesday. The firm has a market cap of $101.95 billion, a P/E ratio of -32.43 and a beta of 0.11. The business’s 50 day moving average price is $304.30 and its 200-day moving average price is $275.57. SPDR Gold Shares has a fifty-two week low of $212.12 and a fifty-two week high of $317.63.

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).