MGO Private Wealth LLC increased its holdings in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 1.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,878 shares of the exchange traded fund’s stock after acquiring an additional 53 shares during the quarter. MGO Private Wealth LLC’s holdings in SPDR Gold Shares were worth $697,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Ashton Thomas Securities LLC acquired a new position in shares of SPDR Gold Shares in the 3rd quarter valued at $28,000. Roxbury Financial LLC acquired a new position in shares of SPDR Gold Shares in the 4th quarter valued at $31,000. PayPay Securities Corp increased its holdings in shares of 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 acquiring an additional 47 shares during the period. Keystone Financial Group Inc. acquired a new position in shares of SPDR Gold Shares in the 4th quarter valued at $39,000. Finally, Compass Planning Associates Inc acquired a new position in shares of SPDR Gold Shares in the 4th quarter valued at $39,000. 42.19% of the stock is owned by institutional investors and hedge funds.
SPDR Gold Shares Price Performance
Shares of SPDR Gold Shares stock opened at $270.33 on Thursday. The firm’s fifty day simple moving average is $259.86 and its 200-day simple moving average is $248.94. The stock has a market capitalization of $81.26 billion, a price-to-earnings ratio of -28.59 and a beta of 0.20. SPDR Gold Shares has a 12 month low of $198.94 and a 12 month high of $272.32.
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).
Featured Stories
- Five stocks we like better than SPDR Gold Shares
- How Technical Indicators Can Help You Find Oversold Stocks
- Ramaco Resources Pins Hopes on Coal’s Untapped Potential
- Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?
- NVIDIA’s Soaring Energy Needs Make These 3 Nuclear Stocks a Buy
- Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
- Why Energy Transfer Belongs on Your Watchlist
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).
Receive News & Ratings for SPDR Gold Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Shares and related companies with MarketBeat.com's FREE daily email newsletter.
