C V Starr & Co. Inc. Has $99.63 Million Stock Position in SPDR Gold Shares $GLD

C V Starr & Co. Inc. lessened its position in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 34.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 251,400 shares of the exchange traded fund’s stock after selling 130,323 shares during the period. SPDR Gold Shares makes up approximately 55.0% of C V Starr & Co. Inc.’s investment portfolio, making the stock its largest position. C V Starr & Co. Inc. owned about 0.07% of SPDR Gold Shares worth $99,632,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. WPG Advisers LLC acquired a new stake in shares of SPDR Gold Shares in the fourth quarter valued at approximately $25,000. Eukles Asset Management acquired a new stake in shares of SPDR Gold Shares in the fourth quarter valued at approximately $27,000. Hopwood Financial Services Inc. acquired a new stake in shares of SPDR Gold Shares in the third quarter valued at approximately $27,000. Vestwell Advisors LLC acquired a new stake in shares of SPDR Gold Shares in the third quarter valued at approximately $27,000. Finally, USA Financial Formulas acquired a new stake in shares of SPDR Gold Shares in the fourth quarter valued at approximately $31,000. Institutional investors own 42.19% of the company’s stock.

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SPDR Gold Shares Trading Down 1.3%

NYSEARCA GLD opened at $408.49 on Thursday. SPDR Gold Shares has a 1-year low of $299.89 and a 1-year high of $509.70. The company has a 50 day moving average of $426.74 and a 200-day moving average of $426.03. The company has a market cap of $148.57 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15.

SPDR Gold Shares Company Profile

(Free Report)

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.

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

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