Washington Trust Advisors Inc. raised its holdings in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 213.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,299 shares of the exchange traded fund’s stock after acquiring an additional 884 shares during the quarter. Washington Trust Advisors Inc.’s holdings in SPDR Gold Shares were worth $315,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new stake in SPDR Gold Shares in the 3rd quarter valued at $28,000. Roxbury Financial LLC acquired a new stake in SPDR Gold Shares in the 4th quarter valued at $31,000. PayPay Securities Corp increased its stake in SPDR Gold Shares by 55.3% in the 4th 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 last quarter. Capital Performance Advisors LLP acquired a new stake in SPDR Gold Shares in the 3rd quarter valued at $35,000. Finally, Pittenger & Anderson Inc. acquired a new stake in SPDR Gold Shares in the 3rd quarter valued at $38,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.
SPDR Gold Shares Trading Up 0.2 %
Shares of GLD stock opened at $269.62 on Thursday. The firm has a market capitalization of $81.05 billion, a P/E ratio of -28.59 and a beta of 0.20. The firm’s fifty day moving average price is $257.20 and its two-hundred day moving average price is $247.65. SPDR Gold Shares has a 1 year low of $197.44 and a 1 year high of $272.32.
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).
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Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLD – Free Report).
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