Traders sold shares of SPDR Gold Shares (NYSEARCA:GLD) on strength during trading on Monday. $104.35 million flowed into the stock on the tick-up and $186.00 million flowed out of the stock on the tick-down, for a money net flow of $81.65 million out of the stock. Of all companies tracked, SPDR Gold Shares had the 0th highest net out-flow for the day. SPDR Gold Shares traded up $1.52 for the day and closed at $126.96

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

The stock has a market cap of $35,610.00 and a price-to-earnings ratio of -14.57.

A number of institutional investors have recently made changes to their positions in GLD. L & S Advisors Inc raised its stake in shares of SPDR Gold Shares by 1.2% in the 2nd quarter. L & S Advisors Inc now owns 1,833 shares of the exchange traded fund’s stock worth $216,000 after buying an additional 21 shares in the last quarter. FTB Advisors Inc. raised its stake in shares of SPDR Gold Shares by 3.1% in the 2nd quarter. FTB Advisors Inc. now owns 854 shares of the exchange traded fund’s stock worth $100,000 after buying an additional 26 shares in the last quarter. D.A. Davidson & CO. raised its stake in shares of SPDR Gold Shares by 0.3% in the 2nd quarter. D.A. Davidson & CO. now owns 10,531 shares of the exchange traded fund’s stock worth $1,242,000 after buying an additional 30 shares in the last quarter. Kingfisher Capital LLC raised its stake in shares of SPDR Gold Shares by 0.6% in the 2nd quarter. Kingfisher Capital LLC now owns 4,975 shares of the exchange traded fund’s stock worth $587,000 after buying an additional 32 shares in the last quarter. Finally, Lehman Financial Resources Inc. raised its stake in shares of SPDR Gold Shares by 0.6% in the 2nd quarter. Lehman Financial Resources Inc. now owns 5,680 shares of the exchange traded fund’s stock worth $672,000 after buying an additional 35 shares in the last quarter.

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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).

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