Jacobi Capital Management LLC Sells 2,100 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Jacobi Capital Management LLC trimmed its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 4.5% in the 4th quarter, Holdings Channel reports. The firm owned 44,819 shares of the exchange traded fund’s stock after selling 2,100 shares during the period. SPDR Gold Shares accounts for approximately 0.8% of Jacobi Capital Management LLC’s holdings, making the stock its 16th biggest position. Jacobi Capital Management LLC’s holdings in SPDR Gold Shares were worth $10,852,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in GLD. Proficio Capital Partners LLC raised its holdings in shares of SPDR Gold Shares by 24,245.2% during 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 purchasing an additional 60,504,152 shares during the last quarter. Strategic Financial Concepts LLC raised its holdings in shares of SPDR Gold Shares by 24,600.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 608,876 shares of the exchange traded fund’s stock valued at $147,427,000 after purchasing an additional 606,411 shares during the last quarter. Diversify Advisory Services LLC raised its holdings in shares of SPDR Gold Shares by 446.0% during the fourth quarter. Diversify Advisory Services LLC now owns 239,355 shares of the exchange traded fund’s stock valued at $59,410,000 after purchasing an additional 195,520 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of SPDR Gold Shares by 47.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 454,153 shares of the exchange traded fund’s stock valued at $110,386,000 after purchasing an additional 146,271 shares during the last quarter. Finally, Banco Santander S.A. raised its holdings in shares of SPDR Gold Shares by 245.1% during the third quarter. Banco Santander S.A. now owns 160,721 shares of the exchange traded fund’s stock valued at $39,065,000 after purchasing an additional 114,151 shares during the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Down 0.6 %

GLD opened at $263.27 on Friday. The firm has a 50 day moving average price of $255.57 and a 200-day moving average price of $246.68. SPDR Gold Shares has a twelve month low of $189.23 and a twelve month high of $272.32. The stock has a market capitalization of $79.14 billion, a price-to-earnings ratio of -28.59 and a beta of 0.20.

SPDR Gold Shares 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).