OneAscent Wealth Management LLC Sells 731 Shares of SPDR Gold Shares (NYSEARCA:GLD)

OneAscent Wealth Management LLC lessened its position in SPDR Gold Shares (NYSEARCA:GLD) by 12.0% in the 4th quarter, Holdings Channel reports. The firm owned 5,376 shares of the exchange traded fund’s stock after selling 731 shares during the period. SPDR Gold Shares accounts for approximately 0.5% of OneAscent Wealth Management LLC’s investment portfolio, making the stock its 21st biggest holding. OneAscent Wealth Management LLC’s holdings in SPDR Gold Shares were worth $1,302,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of GLD. Proficio Capital Partners LLC raised its stake in SPDR Gold Shares by 24,245.2% during the 4th quarter. Proficio Capital Partners LLC now owns 60,753,703 shares of the exchange traded fund’s stock worth $14,710,294,000 after buying an additional 60,504,152 shares during the period. Raymond James Financial Inc. bought a new stake in shares of SPDR Gold Shares in the fourth quarter worth about $450,109,000. Wealthfront Advisers LLC raised its position in shares of SPDR Gold Shares by 1,374.2% during the fourth quarter. Wealthfront Advisers LLC now owns 1,121,579 shares of the exchange traded fund’s stock worth $271,568,000 after purchasing an additional 1,045,499 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of SPDR Gold Shares by 3.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 980,065 shares of the exchange traded fund’s stock valued at $237,303,000 after purchasing an additional 32,712 shares in the last quarter. Finally, Stifel Financial Corp grew its position in shares of 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 valued at $199,924,000 after purchasing an additional 100,149 shares during the period. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $284.06 on Friday. SPDR Gold Shares has a 52 week low of $206.29 and a 52 week high of $284.64. The company’s 50 day moving average price is $267.64 and its two-hundred day moving average price is $252.76. The company has a market capitalization of $85.39 billion, a P/E ratio of -29.30 and a beta of 0.20.

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).