United Asset Strategies Inc. Has $7.88 Million Stake in SPDR Gold Shares $GLD

United Asset Strategies Inc. lowered its holdings in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 36.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,882 shares of the exchange traded fund’s stock after selling 11,254 shares during the period. United Asset Strategies Inc.’s holdings in SPDR Gold Shares were worth $7,879,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in GLD. Chapman Financial Group LLC bought a new stake in shares of SPDR Gold Shares in the second quarter valued at approximately $26,000. Hopwood Financial Services Inc. acquired a new stake in SPDR Gold Shares during the third quarter worth approximately $27,000. Vestwell Advisors LLC bought a new position in SPDR Gold Shares during the 3rd quarter worth $27,000. Steigerwald Gordon & Koch Inc. bought a new position in SPDR Gold Shares during the 3rd quarter worth $31,000. Finally, USA Financial Formulas acquired a new position in SPDR Gold Shares in the 4th quarter valued at $31,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares News Roundup

Here are the key news stories impacting SPDR Gold Shares this week:

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $435.26 on Thursday. The stock has a fifty day moving average price of $447.88 and a 200-day moving average price of $417.81. The company has a market cap of $161.44 billion, a price-to-earnings ratio of -32.43 and a beta of 0.20. SPDR Gold Shares has a fifty-two week low of $291.78 and a fifty-two week high of $509.70.

SPDR Gold Shares Company Profile

(Free Report)

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). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.

See Also

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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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