Senator Investment Group LP Purchases Shares of 21,310 SPDR Gold Shares (NYSEARCA:GLD)

Senator Investment Group LP bought a new position in SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 21,310 shares of the exchange traded fund’s stock, valued at approximately $5,160,000.

A number of other hedge funds also recently made changes to their positions in the company. Morse Asset Management Inc purchased a new stake in shares of SPDR Gold Shares during the 3rd quarter valued at about $1,929,000. SOA Wealth Advisors LLC. raised its position in SPDR Gold Shares by 54.0% during the third quarter. SOA Wealth Advisors LLC. now owns 194 shares of the exchange traded fund’s stock valued at $47,000 after purchasing an additional 68 shares during the period. World Investment Advisors LLC lifted its stake in shares of SPDR Gold Shares by 17.3% in the 3rd quarter. World Investment Advisors LLC now owns 15,479 shares of the exchange traded fund’s stock valued at $3,762,000 after purchasing an additional 2,288 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in shares of SPDR Gold Shares by 451.1% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 55,860 shares of the exchange traded fund’s stock worth $13,577,000 after purchasing an additional 45,724 shares during the period. Finally, Tidal Investments LLC increased its position in shares of SPDR Gold Shares by 12.7% during the 3rd quarter. Tidal Investments LLC now owns 14,850 shares of the exchange traded fund’s stock valued at $3,609,000 after purchasing an additional 1,676 shares during the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $306.12 on Monday. The firm has a market capitalization of $92.02 billion, a PE ratio of -32.58 and a beta of 0.17. The stock’s fifty day moving average is $278.32 and its 200 day moving average is $258.65. SPDR Gold Shares has a fifty-two week low of $210.71 and a fifty-two week high of $313.24.

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).