Moors & Cabot Inc. Sells 2,492 Shares of SPDR Gold Trust (GLD)
Moors & Cabot Inc. lowered its stake in shares of SPDR Gold Trust (NYSEARCA:GLD) by 8.2% during the fourth quarter, HoldingsChannel reports. The firm owned 27,932 shares of the exchange traded fund’s stock after selling 2,492 shares during the quarter. Moors & Cabot Inc.’s holdings in SPDR Gold Trust were worth $3,446,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. RPg Family Wealth Advisory LLC raised its stake in SPDR Gold Trust by 118.9% in the third quarter. RPg Family Wealth Advisory LLC now owns 939 shares of the exchange traded fund’s stock valued at $114,000 after buying an additional 510 shares during the last quarter. Truepoint Inc. raised its stake in SPDR Gold Trust by 2,551.0% in the third quarter. Truepoint Inc. now owns 116,960 shares of the exchange traded fund’s stock valued at $117,000 after buying an additional 112,548 shares during the last quarter. Field & Main Bank purchased a new stake in SPDR Gold Trust in the fourth quarter valued at about $127,000. Mandatum Life Insurance Co Ltd purchased a new stake in SPDR Gold Trust in the fourth quarter valued at about $133,000. Finally, First Dallas Securities Inc. purchased a new stake in SPDR Gold Trust in the fourth quarter valued at about $133,000.
Shares of SPDR Gold Trust (GLD) opened at $125.39 on Monday. SPDR Gold Trust has a 12 month low of $114.02 and a 12 month high of $129.51. The company has a market capitalization of $35,170.00 and a PE ratio of -14.41.
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SPDR Gold Trust Profile
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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