TRUE Private Wealth Advisors Sells 7,766 Shares of SPDR Gold Shares (GLD)

TRUE Private Wealth Advisors decreased its position in SPDR Gold Shares (NYSEARCA:GLD) by 50.5% during the 4th quarter, Holdings Channel reports. The fund owned 7,626 shares of the exchange traded fund’s stock after selling 7,766 shares during the quarter. TRUE Private Wealth Advisors’ holdings in SPDR Gold Shares were worth $942,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Contravisory Investment Management Inc. boosted its holdings in SPDR Gold Shares by 76.3% in the fourth quarter. Contravisory Investment Management Inc. now owns 1,132 shares of the exchange traded fund’s stock valued at $140,000 after acquiring an additional 490 shares during the last quarter. Syntal Capital Partners LLC bought a new position in SPDR Gold Shares in the fourth quarter valued at about $2,346,000. Sterling Investment Management Inc. boosted its holdings in SPDR Gold Shares by 7.2% in the fourth quarter. Sterling Investment Management Inc. now owns 14,218 shares of the exchange traded fund’s stock valued at $1,758,000 after acquiring an additional 956 shares during the last quarter. First National Trust Co boosted its holdings in SPDR Gold Shares by 17.7% in the fourth quarter. First National Trust Co now owns 2,897 shares of the exchange traded fund’s stock valued at $358,000 after acquiring an additional 436 shares during the last quarter. Finally, Searle & CO. bought a new position in SPDR Gold Shares in the fourth quarter valued at about $408,000.

Separately, Standpoint Research raised their price target on SPDR Gold Shares to $28,000.00 in a report on Thursday, December 7th.

SPDR Gold Shares (NYSEARCA GLD) traded up $0.56 during trading on Friday, reaching $126.42. The company had a trading volume of 1,350,000 shares. The company has a market capitalization of $35,500.00 and a PE ratio of -14.53. SPDR Gold Shares has a fifty-two week low of $112.81 and a fifty-two week high of $128.32.

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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).

Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLD).

Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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