Private Portfolio Partners LLC grew its stake in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 6.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,011 shares of the exchange traded fund’s stock after acquiring an additional 363 shares during the quarter. Private Portfolio Partners LLC’s holdings in SPDR Gold Shares were worth $1,455,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp bought a new position in SPDR Gold Shares during the fourth quarter valued at approximately $26,000. Roxbury Financial LLC purchased a new stake in SPDR Gold Shares during the 4th quarter valued at $31,000. PayPay Securities Corp raised its stake in SPDR Gold Shares by 55.3% during the 4th quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock valued at $32,000 after buying an additional 47 shares during the last quarter. Keystone Financial Group Inc. bought a new position in shares of SPDR Gold Shares during the 4th quarter valued at $39,000. Finally, Compass Planning Associates Inc purchased a new position in shares of SPDR Gold Shares in the 4th quarter worth $39,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Price Performance
Shares of GLD opened at $287.57 on Wednesday. The firm has a market capitalization of $86.44 billion, a P/E ratio of -30.67 and a beta of 0.17. SPDR Gold Shares has a one year low of $208.36 and a one year high of $289.13. The business has a fifty day moving average of $269.11 and a 200 day moving average of $253.75.
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).
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