Traders sold shares of SPDR Gold Trust (NYSEARCA:GLD) on strength during trading on Wednesday. $193.57 million flowed into the stock on the tick-up and $289.04 million flowed out of the stock on the tick-down, for a money net flow of $95.47 million out of the stock. Of all stocks tracked, SPDR Gold Trust had the 19th highest net out-flow for the day. SPDR Gold Trust traded up $2.15 for the day and closed at $128.23

Separately, Standpoint Research raised their target price on SPDR Gold Trust to $28,000.00 in a report on Thursday, December 7th.

The company has a market capitalization of $35,900.00 and a price-to-earnings ratio of -14.74.

A number of institutional investors and hedge funds have recently modified their holdings of GLD. RPg Family Wealth Advisory LLC boosted its holdings in SPDR Gold Trust by 118.9% during the third quarter. RPg Family Wealth Advisory LLC now owns 939 shares of the exchange traded fund’s stock worth $114,000 after buying an additional 510 shares during the last quarter. Truepoint Inc. lifted its holdings in shares of SPDR Gold Trust by 2,551.0% during the 3rd quarter. Truepoint Inc. now owns 116,960 shares of the exchange traded fund’s stock valued at $117,000 after purchasing an additional 112,548 shares in the last quarter. Field & Main Bank bought a new position in shares of SPDR Gold Trust during the 4th quarter valued at about $127,000. Mandatum Life Insurance Co Ltd bought a new position in shares of SPDR Gold Trust during the 4th quarter valued at about $133,000. Finally, First Dallas Securities Inc. bought a new position in shares of SPDR Gold Trust during the 4th quarter valued at about $133,000.

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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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