Ciovacco Capital Management LLC Sells 444 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Ciovacco Capital Management LLC lowered its position in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 3.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,469 shares of the exchange traded fund’s stock after selling 444 shares during the period. SPDR Gold Shares accounts for 1.7% of Ciovacco Capital Management LLC’s portfolio, making the stock its 12th largest holding. Ciovacco Capital Management LLC’s holdings in SPDR Gold Shares were worth $3,019,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Proficio Capital Partners LLC raised its stake in shares of SPDR Gold Shares by 24,245.2% in the fourth quarter. Proficio Capital Partners LLC now owns 60,753,703 shares of the exchange traded fund’s stock valued at $14,710,294,000 after acquiring an additional 60,504,152 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of SPDR Gold Shares in the fourth quarter valued at approximately $450,109,000. Wealthfront Advisers LLC raised its stake in shares of SPDR Gold Shares by 1,374.2% in the fourth quarter. Wealthfront Advisers LLC now owns 1,121,579 shares of the exchange traded fund’s stock valued at $271,568,000 after acquiring an additional 1,045,499 shares during the last quarter. Commonwealth Equity Services LLC raised its position in SPDR Gold Shares by 3.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 980,065 shares of the exchange traded fund’s stock worth $237,303,000 after purchasing an additional 32,712 shares during the last quarter. Finally, Stifel Financial Corp raised its position in SPDR Gold Shares by 13.9% in the 3rd quarter. Stifel Financial Corp now owns 822,531 shares of the exchange traded fund’s stock worth $199,924,000 after purchasing an additional 100,149 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD stock opened at $280.75 on Friday. The company has a 50 day moving average price of $263.87 and a 200 day moving average price of $250.73. SPDR Gold Shares has a fifty-two week low of $199.72 and a fifty-two week high of $281.48. The stock has a market capitalization of $84.39 billion, a PE ratio of -29.30 and a beta of 0.20.

SPDR Gold Shares 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).

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