Gruss & Co. LLC raised its position in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 3.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,500 shares of the exchange traded fund’s stock after acquiring an additional 500 shares during the quarter. SPDR Gold Shares makes up about 14.0% of Gruss & Co. LLC’s holdings, making the stock its 2nd largest holding. Gruss & Co. LLC’s holdings in SPDR Gold Shares were worth $3,269,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new stake in shares of SPDR Gold Shares in the 3rd quarter valued at approximately $28,000. Roxbury Financial LLC acquired a new stake in SPDR Gold Shares in the fourth quarter valued at $31,000. PayPay Securities Corp lifted its holdings in 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 acquiring an additional 47 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of SPDR Gold Shares during the 3rd quarter worth $35,000. Finally, Pittenger & Anderson Inc. acquired a new position in shares of SPDR Gold Shares during the 3rd quarter worth $38,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Stock Down 0.6 %
Shares of GLD opened at $263.27 on Monday. The company has a market capitalization of $79.14 billion, a PE ratio of -28.59 and a beta of 0.20. SPDR Gold Shares has a 52-week low of $189.23 and a 52-week high of $272.32. The company has a 50-day simple moving average of $255.57 and a 200-day simple moving average of $246.95.
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).
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