Grantvest Financial Group LLC Makes New $409,000 Investment in SPDR Gold Shares (NYSEARCA:GLD)

Grantvest Financial Group LLC bought a new stake in SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,691 shares of the exchange traded fund’s stock, valued at approximately $409,000.

Several other large investors have also made changes to their positions in GLD. StoneX Group Inc. raised its stake in shares of SPDR Gold Shares by 42.3% in the third quarter. StoneX Group Inc. now owns 17,296 shares of the exchange traded fund’s stock valued at $4,204,000 after acquiring an additional 5,145 shares during the last quarter. Penserra Capital Management LLC acquired a new position in SPDR Gold Shares in the third quarter worth $6,690,000. Larson Financial Group LLC boosted its stake in SPDR Gold Shares by 220.1% in the third quarter. Larson Financial Group LLC now owns 23,425 shares of the exchange traded fund’s stock worth $5,694,000 after purchasing an additional 16,108 shares in the last quarter. Centaurus Financial Inc. grew its holdings in shares of SPDR Gold Shares by 34.7% during the third quarter. Centaurus Financial Inc. now owns 53,329 shares of the exchange traded fund’s stock worth $12,962,000 after purchasing an additional 13,732 shares during the last quarter. Finally, SevenBridge Financial Group LLC increased its stake in shares of SPDR Gold Shares by 1.8% in the third quarter. SevenBridge Financial Group LLC now owns 7,882 shares of the exchange traded fund’s stock valued at $1,909,000 after buying an additional 136 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.8 %

Shares of NYSEARCA GLD opened at $278.49 on Monday. SPDR Gold Shares has a 12-month low of $200.97 and a 12-month high of $281.48. The firm’s 50-day simple moving average is $264.47 and its 200 day simple moving average is $251.35. The company has a market cap of $83.71 billion, a price-to-earnings ratio of -29.30 and a beta of 0.20.

About SPDR Gold Shares

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).