Fullerton Fund Management Co Ltd. Decreases Position in SPDR Gold Shares (NYSEARCA:GLD)

Fullerton Fund Management Co Ltd. decreased its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 55.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 99,433 shares of the exchange traded fund’s stock after selling 123,789 shares during the period. Fullerton Fund Management Co Ltd.’s holdings in SPDR Gold Shares were worth $24,076,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Murphy & Mullick Capital Management Corp purchased a new position in SPDR Gold Shares in the fourth quarter valued at $26,000. Roxbury Financial LLC acquired a new stake in shares of SPDR Gold Shares during the 4th quarter worth about $31,000. PayPay Securities Corp boosted its holdings in SPDR Gold Shares by 55.3% in the fourth quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 47 shares in the last quarter. Keystone Financial Group Inc. purchased a new position in SPDR Gold Shares in the fourth quarter valued at approximately $39,000. Finally, Compass Planning Associates Inc acquired a new stake in SPDR Gold Shares during the fourth quarter worth approximately $39,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.7 %

Shares of SPDR Gold Shares stock opened at $306.84 on Friday. The company has a fifty day simple moving average of $289.80 and a 200-day simple moving average of $264.72. The stock has a market cap of $92.24 billion, a price-to-earnings ratio of -32.58 and a beta of 0.17. SPDR Gold Shares has a 12-month low of $211.54 and a 12-month high of $317.63.

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).