Murphy & Mullick Capital Management Corp Makes New $26,000 Investment in SPDR Gold Shares (NYSEARCA:GLD)

Murphy & Mullick Capital Management Corp purchased a new stake in SPDR Gold Shares (NYSEARCA:GLD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 107 shares of the exchange traded fund’s stock, valued at approximately $26,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Avestar Capital LLC acquired a new position in shares of SPDR Gold Shares during the third quarter worth approximately $211,000. Townsquare Capital LLC raised its stake in SPDR Gold Shares by 10.2% during the 3rd quarter. Townsquare Capital LLC now owns 19,969 shares of the exchange traded fund’s stock valued at $4,854,000 after purchasing an additional 1,846 shares during the last quarter. Financial Counselors Inc. raised its stake in SPDR Gold Shares by 2.0% during the 3rd quarter. Financial Counselors Inc. now owns 18,155 shares of the exchange traded fund’s stock valued at $4,413,000 after purchasing an additional 350 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in SPDR Gold Shares by 24.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 94,367 shares of the exchange traded fund’s stock valued at $22,937,000 after purchasing an additional 18,828 shares during the period. Finally, CWS Financial Advisors LLC grew its position in SPDR Gold Shares by 20.8% in the 3rd quarter. CWS Financial Advisors LLC now owns 2,320 shares of the exchange traded fund’s stock worth $564,000 after purchasing an additional 400 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $284.06 on Friday. The company has a 50-day simple moving average of $267.64 and a 200-day simple moving average of $252.76. SPDR Gold Shares has a 52 week low of $206.29 and a 52 week high of $284.64. The firm has a market capitalization of $85.39 billion, a P/E ratio of -29.30 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).