Morton Capital Management LLC CA Lowers Stake in SPDR Gold Shares (NYSEARCA:GLD)

Morton Capital Management LLC CA reduced its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 13.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,053 shares of the exchange traded fund’s stock after selling 766 shares during the quarter. Morton Capital Management LLC CA’s holdings in SPDR Gold Shares were worth $1,456,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of GLD. Murphy & Mullick Capital Management Corp purchased a new stake in shares of SPDR Gold Shares during the 4th quarter worth about $26,000. Roxbury Financial LLC purchased a new stake in shares of SPDR Gold Shares during the 4th quarter worth about $31,000. Compass Planning Associates Inc purchased a new stake in shares of SPDR Gold Shares during the 4th quarter worth about $39,000. Pittenger & Anderson Inc. boosted its holdings in SPDR Gold Shares by 25.9% in the 4th quarter. Pittenger & Anderson Inc. now owns 199 shares of the exchange traded fund’s stock worth $48,000 after buying an additional 41 shares during the last quarter. Finally, American National Bank & Trust boosted its holdings in SPDR Gold Shares by 189.4% in the 1st quarter. American National Bank & Trust now owns 191 shares of the exchange traded fund’s stock worth $55,000 after buying an additional 125 shares during the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 1.3%

GLD stock opened at $316.29 on Friday. SPDR Gold Shares has a 12-month low of $212.12 and a 12-month high of $317.63. The stock has a market cap of $103.43 billion, a price-to-earnings ratio of -32.43 and a beta of 0.11. The business’s 50-day moving average is $303.57 and its 200 day moving average is $274.89.

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).