Sicart Associates LLC Sells 5,448 Shares of SPDR Gold Shares $GLD

Sicart Associates LLC cut its stake in SPDR Gold Shares (NYSEARCA:GLD) by 6.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 75,450 shares of the exchange traded fund’s stock after selling 5,448 shares during the period. SPDR Gold Shares accounts for approximately 6.9% of Sicart Associates LLC’s portfolio, making the stock its 3rd largest position. Sicart Associates LLC’s holdings in SPDR Gold Shares were worth $28,823,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Artesa Financial Group LLC increased its position in SPDR Gold Shares by 1.8% during the 3rd quarter. Artesa Financial Group LLC now owns 10,044 shares of the exchange traded fund’s stock valued at $3,825,000 after buying an additional 174 shares in the last quarter. Vigilare Wealth Management boosted its holdings in SPDR Gold Shares by 8.2% in the third quarter. Vigilare Wealth Management now owns 8,888 shares of the exchange traded fund’s stock worth $3,385,000 after acquiring an additional 670 shares in the last quarter. Pinnacle Financial Group LLC IL boosted its holdings in SPDR Gold Shares by 1.1% in the third quarter. Pinnacle Financial Group LLC IL now owns 13,296 shares of the exchange traded fund’s stock worth $5,064,000 after acquiring an additional 146 shares in the last quarter. Security Financial Services INC. boosted its holdings in SPDR Gold Shares by 36.8% in the third quarter. Security Financial Services INC. now owns 1,077 shares of the exchange traded fund’s stock worth $410,000 after acquiring an additional 290 shares in the last quarter. Finally, Traynor Capital Management Inc. grew its stake in shares of SPDR Gold Shares by 17.7% in the third quarter. Traynor Capital Management Inc. now owns 15,321 shares of the exchange traded fund’s stock worth $5,835,000 after acquiring an additional 2,300 shares during the last quarter. 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 $355.78 on Monday. SPDR Gold Shares has a one year low of $354.67 and a one year high of $509.70. The company’s 50-day moving average is $390.57 and its 200 day moving average is $412.97. The company has a market capitalization of $130.18 billion, a price-to-earnings ratio of -32.43 and a beta of 0.18.

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). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.