Compton Financial Group LLC Decreases Position in SPDR Gold Shares (NYSEARCA:GLD)

Compton Financial Group LLC trimmed its stake in SPDR Gold Shares (NYSEARCA:GLD) by 92.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,846 shares of the exchange traded fund’s stock after selling 35,465 shares during the period. SPDR Gold Shares makes up about 0.2% of Compton Financial Group LLC’s portfolio, making the stock its 23rd biggest position. Compton Financial Group LLC’s holdings in SPDR Gold Shares were worth $820,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

SPDR Gold Shares Price Performance

SPDR Gold Shares stock opened at $305.18 on Friday. The firm has a market capitalization of $99.79 billion, a P/E ratio of -32.43 and a beta of 0.11. SPDR Gold Shares has a 1-year low of $211.54 and a 1-year high of $317.63. The company’s 50-day moving average is $300.63 and its 200 day moving average is $272.44.

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).