Schaper Benz & Wise Investment Counsel Inc. WI Raises Position in SPDR Gold Shares (NYSEARCA:GLD)

Schaper Benz & Wise Investment Counsel Inc. WI grew its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 10.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,157 shares of the exchange traded fund’s stock after purchasing an additional 477 shares during the quarter. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in SPDR Gold Shares were worth $1,249,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new position in shares of SPDR Gold Shares during the 3rd quarter worth $28,000. Roxbury Financial LLC acquired a new stake in shares of SPDR Gold Shares during the 4th quarter worth $31,000. PayPay Securities Corp increased its holdings in shares of SPDR Gold Shares by 55.3% during the 4th quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 47 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of SPDR Gold Shares during the 3rd quarter worth $35,000. Finally, Keystone Financial Group Inc. acquired a new stake in shares of SPDR Gold Shares during the 4th quarter worth $39,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.1 %

GLD stock opened at $268.39 on Friday. The company has a market cap of $80.68 billion, a price-to-earnings ratio of -28.59 and a beta of 0.20. The business has a fifty day simple moving average of $258.24 and a 200-day simple moving average of $248.16. SPDR Gold Shares has a 52 week low of $198.94 and a 52 week 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).