SPDR Gold Shares $GLD Shares Sold by Clifford Swan Investment Counsel LLC

Clifford Swan Investment Counsel LLC lessened its holdings in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,227 shares of the exchange traded fund’s stock after selling 3,542 shares during the quarter. SPDR Gold Shares makes up about 1.0% of Clifford Swan Investment Counsel LLC’s investment portfolio, making the stock its 29th largest holding. Clifford Swan Investment Counsel LLC’s holdings in SPDR Gold Shares were worth $29,417,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Convergence Financial LLC acquired a new position in SPDR Gold Shares in the fourth quarter worth $531,000. Curio Wealth LLC boosted its holdings in shares of SPDR Gold Shares by 1.9% during the fourth quarter. Curio Wealth LLC now owns 1,619 shares of the exchange traded fund’s stock valued at $667,000 after acquiring an additional 30 shares during the period. Avise Financial Cooperative Inc. acquired a new position in shares of SPDR Gold Shares during the fourth quarter valued at $466,000. Vise Technologies Inc. boosted its holdings in shares of SPDR Gold Shares by 122.2% during the fourth quarter. Vise Technologies Inc. now owns 20,762 shares of the exchange traded fund’s stock valued at $8,228,000 after acquiring an additional 11,418 shares during the period. Finally, SFI Advisors LLC acquired a new position in shares of SPDR Gold Shares during the fourth quarter valued at $231,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $411.27 on Friday. SPDR Gold Shares has a 1 year low of $299.89 and a 1 year high of $509.70. The company has a market cap of $149.58 billion, a price-to-earnings ratio of -32.43 and a beta of 0.14. The firm has a fifty day moving average of $425.14 and a 200-day moving average of $427.44.

Key Headlines Impacting SPDR Gold Shares

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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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