1,395 Shares in SPDR Gold Shares (NYSEARCA:GLD) Bought by Ergawealth Advisors Inc.

Ergawealth Advisors Inc. bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) in the fourth quarter, HoldingsChannel reports. The firm bought 1,395 shares of the exchange traded fund’s stock, valued at approximately $338,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in shares of SPDR Gold Shares during the third quarter worth $28,000. Roxbury Financial LLC bought a new position in SPDR Gold Shares during the fourth quarter valued at $31,000. PayPay Securities Corp lifted 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 during the last quarter. Capital Performance Advisors LLP bought a new position in SPDR Gold Shares during the third quarter valued at $35,000. Finally, Pittenger & Anderson Inc. bought a new position in SPDR Gold Shares during the third quarter valued at $38,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 1.5 %

GLD stock opened at $264.93 on Friday. SPDR Gold Shares has a 52 week low of $188.03 and a 52 week high of $272.32. The company has a fifty day simple moving average of $255.14 and a two-hundred day simple moving average of $246.43. The firm has a market capitalization of $79.64 billion, a P/E ratio of -28.59 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).