Argent Trust Co lifted its stake in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 11.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 12,960 shares of the exchange traded fund’s stock after purchasing an additional 1,288 shares during the period. Argent Trust Co’s holdings in SPDR Gold Shares were worth $3,138,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Murphy & Mullick Capital Management Corp purchased a new position in SPDR Gold Shares in the 4th quarter valued at approximately $26,000. Roxbury Financial LLC purchased a new position in shares of SPDR Gold Shares in the 4th quarter valued at about $31,000. PayPay Securities Corp grew its position in shares of SPDR Gold Shares by 55.3% during the fourth quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 47 shares in the last quarter. Keystone Financial Group Inc. purchased a new stake in shares of SPDR Gold Shares during the fourth quarter worth approximately $39,000. Finally, Compass Planning Associates Inc acquired a new stake in SPDR Gold Shares in the fourth quarter valued at approximately $39,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Trading Up 2.4 %
Shares of NYSEARCA:GLD opened at $292.35 on Friday. SPDR Gold Shares has a 52 week low of $210.71 and a 52 week high of $298.49. The company’s 50 day moving average is $273.88 and its two-hundred day moving average is $256.20. The company has a market cap of $87.88 billion, a PE ratio of -30.67 and a beta of 0.17.
SPDR Gold Shares 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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