Levin Capital Strategies L.P. Has $11.98 Million Position in SPDR Gold Shares (NYSEARCA:GLD)

Levin Capital Strategies L.P. boosted its position in SPDR Gold Shares (NYSEARCA:GLD) by 2.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 49,473 shares of the exchange traded fund’s stock after purchasing an additional 1,228 shares during the quarter. Levin Capital Strategies L.P.’s holdings in SPDR Gold Shares were worth $11,979,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of GLD. Ashton Thomas Securities LLC acquired a new position in SPDR Gold Shares in the 3rd quarter worth about $28,000. Roxbury Financial LLC acquired a new stake in shares of SPDR Gold Shares in the fourth quarter valued at about $31,000. PayPay Securities Corp increased its stake in shares of SPDR Gold Shares by 55.3% in the fourth 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 period. Capital Performance Advisors LLP acquired a new stake in shares of SPDR Gold Shares in the third quarter valued at about $35,000. Finally, Pittenger & Anderson Inc. acquired a new stake in shares of SPDR Gold Shares in the third quarter valued at about $38,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.6 %

Shares of GLD stock opened at $263.27 on Friday. The stock has a market cap of $79.14 billion, a price-to-earnings ratio of -28.59 and a beta of 0.20. The stock has a 50-day moving average of $255.57 and a 200-day moving average of $246.81. SPDR Gold Shares has a 1-year low of $189.23 and a 1-year high of $272.32.

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).