Charter Research & Investment Group Inc. Cuts Stake in SPDR Gold Shares (NYSEARCA:GLD)

Charter Research & Investment Group Inc. decreased its position in SPDR Gold Shares (NYSEARCA:GLD) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,016 shares of the exchange traded fund’s stock after selling 267 shares during the quarter. SPDR Gold Shares accounts for about 2.0% of Charter Research & Investment Group Inc.’s holdings, making the stock its 16th biggest holding. Charter Research & Investment Group Inc.’s holdings in SPDR Gold Shares were worth $2,667,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Rock Creek Group LP raised its holdings in SPDR Gold Shares by 2.7% during the fourth quarter. Rock Creek Group LP now owns 229,865 shares of the exchange traded fund’s stock worth $55,657,000 after purchasing an additional 6,019 shares in the last quarter. Tucker Asset Management LLC grew its holdings in shares of SPDR Gold Shares by 12.9% during the fourth quarter. Tucker Asset Management LLC now owns 2,563 shares of the exchange traded fund’s stock worth $621,000 after purchasing an additional 292 shares during the last quarter. Maridea Wealth Management LLC acquired a new stake in shares of SPDR Gold Shares during the fourth quarter worth about $5,665,000. Level Four Advisory Services LLC lifted its holdings in shares of SPDR Gold Shares by 1.3% in the 4th quarter. Level Four Advisory Services LLC now owns 55,707 shares of the exchange traded fund’s stock valued at $13,489,000 after purchasing an additional 708 shares during the last quarter. Finally, Vertex Planning Partners LLC boosted its position in shares of SPDR Gold Shares by 8.6% in the 4th quarter. Vertex Planning Partners LLC now owns 2,797 shares of the exchange traded fund’s stock valued at $677,000 after purchasing an additional 222 shares during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 0.7 %

NYSEARCA:GLD 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 stock’s 50 day moving average price is $267.64 and its 200 day moving average price is $252.90. The company has a market capitalization of $85.39 billion, a PE ratio of -29.30 and a beta of 0.20.

SPDR Gold Shares Company 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).