Amundi Trims Position in SPDR Gold Shares (NYSEARCA:GLD)

Amundi lessened its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 48.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,425 shares of the exchange traded fund’s stock after selling 2,300 shares during the quarter. Amundi’s holdings in SPDR Gold Shares were worth $596,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Clarus Group Inc. lifted its position in SPDR Gold Shares by 2.2% in the 4th quarter. Clarus Group Inc. now owns 1,825 shares of the exchange traded fund’s stock worth $442,000 after buying an additional 40 shares during the last quarter. Kellett Wealth Advisors LLC grew its stake in SPDR Gold Shares by 3.6% in the fourth quarter. Kellett Wealth Advisors LLC now owns 1,160 shares of the exchange traded fund’s stock worth $281,000 after purchasing an additional 40 shares during the period. Magnus Financial Group LLC grew its stake in SPDR Gold Shares by 0.6% in the fourth quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock worth $1,780,000 after purchasing an additional 41 shares during the period. Pittenger & Anderson Inc. grew its stake in SPDR Gold Shares by 25.9% in the fourth quarter. Pittenger & Anderson Inc. now owns 199 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 41 shares during the period. Finally, Smartleaf Asset Management LLC grew its stake in shares of SPDR Gold Shares by 2.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,533 shares of the exchange traded fund’s stock worth $369,000 after acquiring an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.1 %

NYSEARCA GLD opened at $280.75 on Friday. SPDR Gold Shares has a 12 month low of $199.72 and a 12 month high of $281.48. The stock has a market cap of $84.39 billion, a P/E ratio of -29.30 and a beta of 0.20. The stock’s fifty day moving average price is $263.87 and its 200-day moving average price is $250.73.

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).