Traders Buy SPDR Gold Trust (GLD) on Weakness

Traders purchased shares of SPDR Gold Trust (NYSEARCA:GLD) on weakness during trading on Friday. $223.82 million flowed into the stock on the tick-up and $165.85 million flowed out of the stock on the tick-down, for a money net flow of $57.97 million into the stock. Of all stocks tracked, SPDR Gold Trust had the 7th highest net in-flow for the day. SPDR Gold Trust traded down ($0.21) for the day and closed at $124.77

Separately, Standpoint Research upped their price objective on shares of SPDR Gold Trust to $28,000.00 in a research note on Thursday, December 7th.

The company has a market cap of $35,060.00 and a P/E ratio of -14.34.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Kingfisher Capital LLC boosted its stake in shares of SPDR Gold Trust by 0.6% during the second quarter. Kingfisher Capital LLC now owns 4,975 shares of the exchange traded fund’s stock worth $587,000 after buying an additional 32 shares during the period. Keel Point LLC boosted its stake in shares of SPDR Gold Trust by 1.6% during the second quarter. Keel Point LLC now owns 8,324 shares of the exchange traded fund’s stock worth $982,000 after buying an additional 130 shares during the period. Clarkston Capital Partners LLC boosted its stake in shares of SPDR Gold Trust by 22.0% during the fourth quarter. Clarkston Capital Partners LLC now owns 2,220 shares of the exchange traded fund’s stock worth $275,000 after buying an additional 400 shares during the period. Horrell Capital Management Inc. boosted its stake in shares of SPDR Gold Trust by 25.2% during the fourth quarter. Horrell Capital Management Inc. now owns 1,985 shares of the exchange traded fund’s stock worth $245,000 after buying an additional 400 shares during the period. Finally, Modera Wealth Management LLC boosted its stake in shares of SPDR Gold Trust by 8.5% during the fourth quarter. Modera Wealth Management LLC now owns 5,255 shares of the exchange traded fund’s stock worth $650,000 after buying an additional 410 shares during the period.

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SPDR Gold Trust 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).

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