Lynx Investment Advisory Raises Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Lynx Investment Advisory grew its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 10.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 17,735 shares of the exchange traded fund’s stock after acquiring an additional 1,669 shares during the period. SPDR Gold Shares makes up about 2.9% of Lynx Investment Advisory’s holdings, making the stock its 5th largest position. Lynx Investment Advisory’s holdings in SPDR Gold Shares were worth $4,294,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Roxbury Financial LLC acquired a new position in shares of SPDR Gold Shares in the 4th quarter worth approximately $31,000. PayPay Securities Corp grew its position in SPDR Gold Shares by 55.3% during the fourth quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 47 shares in the last quarter. Keystone Financial Group Inc. purchased a new position in SPDR Gold Shares during the fourth quarter valued at approximately $39,000. Compass Planning Associates Inc purchased a new position in SPDR Gold Shares during the fourth quarter valued at approximately $39,000. Finally, SOA Wealth Advisors LLC. lifted its stake in SPDR Gold Shares by 54.0% in the third quarter. SOA Wealth Advisors LLC. now owns 194 shares of the exchange traded fund’s stock valued at $47,000 after acquiring an additional 68 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Down 0.8 %

NYSEARCA GLD opened at $278.49 on Monday. The company has a 50 day moving average price of $264.47 and a two-hundred day moving average price of $251.35. SPDR Gold Shares has a 12-month low of $200.97 and a 12-month high of $281.48. The stock has a market capitalization of $83.71 billion, a PE ratio of -29.30 and a beta of 0.20.

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).