IFG Advisory LLC Sells 2,495 Shares of SPDR Gold Shares $GLD

IFG Advisory LLC reduced its stake in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 10.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,464 shares of the exchange traded fund’s stock after selling 2,495 shares during the quarter. IFG Advisory LLC’s holdings in SPDR Gold Shares were worth $8,506,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. WPG Advisers LLC bought a new stake in SPDR Gold Shares in the 4th quarter valued at $25,000. Chapman Financial Group LLC bought a new stake in SPDR Gold Shares in the 2nd quarter valued at $26,000. Hopwood Financial Services Inc. bought a new stake in SPDR Gold Shares in the 3rd quarter valued at $27,000. Vestwell Advisors LLC bought a new stake in SPDR Gold Shares in the 3rd quarter valued at $27,000. Finally, Eukles Asset Management bought a new stake in SPDR Gold Shares in the 4th quarter valued at $27,000. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Trading Down 1.3%

GLD opened at $408.49 on Thursday. The stock has a market capitalization of $148.57 billion, a P/E ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 12 month low of $299.89 and a 12 month high of $509.70. The firm’s fifty day simple moving average is $426.74 and its 200 day simple moving average is $426.03.

SPDR Gold Shares News Roundup

Here are the key news stories impacting SPDR Gold Shares this week:

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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