Investors Sell SPDR Gold Shares (GLD) on Strength (GLD)

Traders sold shares of SPDR Gold Shares (NYSEARCA:GLD) on strength during trading hours on Friday. $104.35 million flowed into the stock on the tick-up and $186.00 million flowed out of the stock on the tick-down, for a money net flow of $81.65 million out of the stock. Of all companies tracked, SPDR Gold Shares had the 0th highest net out-flow for the day. SPDR Gold Shares traded up $1.52 for the day and closed at $126.96

Separately, Standpoint Research upped their price target on SPDR Gold Shares to $28,000.00 in a research note on Thursday, December 7th.

The stock has a market cap of $35,780.00 and a P/E ratio of -14.59.

A number of institutional investors have recently added to or reduced their stakes in the business. L & S Advisors Inc boosted its holdings in SPDR Gold Shares by 1.2% in the second quarter. L & S Advisors Inc now owns 1,833 shares of the exchange traded fund’s stock worth $216,000 after acquiring an additional 21 shares in the last quarter. FTB Advisors Inc. lifted its holdings in shares of SPDR Gold Shares by 3.1% during the second quarter. FTB Advisors Inc. now owns 854 shares of the exchange traded fund’s stock valued at $100,000 after purchasing an additional 26 shares in the last quarter. D.A. Davidson & CO. increased its position in SPDR Gold Shares by 0.3% during the second quarter. D.A. Davidson & CO. now owns 10,531 shares of the exchange traded fund’s stock valued at $1,242,000 after acquiring an additional 30 shares during the last quarter. Kingfisher Capital LLC increased its position in SPDR Gold Shares by 0.6% during the second quarter. Kingfisher Capital LLC now owns 4,975 shares of the exchange traded fund’s stock valued at $587,000 after acquiring an additional 32 shares during the last quarter. Finally, Lehman Financial Resources Inc. increased its position in SPDR Gold Shares by 0.6% during the second quarter. Lehman Financial Resources Inc. now owns 5,680 shares of the exchange traded fund’s stock valued at $672,000 after acquiring an additional 35 shares during the last quarter.

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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).

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