EverSource Wealth Advisors LLC Lowers Position in SPDR Gold Shares (NYSEARCA:GLD)

EverSource Wealth Advisors LLC cut its stake in SPDR Gold Shares (NYSEARCA:GLD) by 5.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,201 shares of the exchange traded fund’s stock after selling 581 shares during the period. EverSource Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $2,651,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of GLD. Leigh Baldwin & CO. LLC purchased a new stake in SPDR Gold Shares in the fourth quarter worth about $401,829,000. DAVENPORT & Co LLC lifted its holdings in SPDR Gold Shares by 105.3% in the first quarter. DAVENPORT & Co LLC now owns 45,496 shares of the exchange traded fund’s stock worth $13,109,000 after buying an additional 896,836 shares during the period. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in SPDR Gold Shares by 604.5% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 548,947 shares of the exchange traded fund’s stock worth $158,174,000 after buying an additional 471,032 shares during the period. 59 North Capital Management LP increased its stake in shares of SPDR Gold Shares by 116.1% during the fourth quarter. 59 North Capital Management LP now owns 716,178 shares of the exchange traded fund’s stock valued at $173,408,000 after purchasing an additional 384,840 shares in the last quarter. Finally, Natixis increased its stake in shares of SPDR Gold Shares by 107.1% during the fourth quarter. Natixis now owns 14,166 shares of the exchange traded fund’s stock valued at $3,430,000 after purchasing an additional 213,277 shares in the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $307.43 on Friday. SPDR Gold Shares has a fifty-two week low of $228.26 and a fifty-two week high of $317.63. The company has a 50 day simple moving average of $308.55 and a two-hundred day simple moving average of $294.08. The company has a market capitalization of $102.50 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15.

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).